Fuel prices: After 22 hikes, petrol now costs Rs 80.43, diesel Rs 80.53
After a day’s pause, state oil marketing companies on Monday resumed fuel price hike. Petrol price in Delhi was increased for the 22nd day by 5 paise to Rs 80.43 and diesel price by 13 paise to Rs 80.53. Diesel continued to be costlier than petrol for the sixth consecutive day.
Rates differ from state to state, depending on value-added tax (VAT). The state had increased the VAT on diesel from 16.75 per cent to 30 per cent and on diesel from 27 per cent to 30 per cent. The cumulative hike since the oil companies started the cycle on June 7 now totals to Rs 9.17 for petrol and Rs 11.14 for diesel.
