Diesel price hits record high, petrol at 19-month high. Check today’s rates
NEW DELHI : After 13 days of non-stop rate hikes, diesel price has now touched a new record high of ₹77.06 in New Delhi. While petrol is at 19-month high, diesel is at lifetime high. Diesel has broken the earlier record high of ₹75.69 reached on 16 October 2018 when Brent crude oil had breached the $80 a barrel mark.
The international benchmark, however, has since then halved to around $40 a barrel now.
The current spike in auto fuels rate in India can be attributed to the hike in excise duties by ₹10 per litre on petrol and ₹13 per litre on diesel last month. Crude oil rates, on which fuel rates are directly dependent, had fallen to $20 a barrel last month. State-run oil firms had not revised petrol, diesel rates for a period of 82 days from March 17 to June 6.
