Petrol and diesel prices raised for fifth day in a row
NEW DELHI: State-owned oil marketing companies (OMCs) have increased auto fuel prices for the fifth consecutive day, after pausing price revision during the world’ longest lockdown. Petrol and diesel prices were increased by 60 paise per litre each on Thursday.
Accordingly, the petrol and diesel price in Delhi touched ₹74 per litre and ₹72.22 per litre respectively. Transportation fuel prices in India have been on an upward trajectory in the background of country’ petroleum product demand doubling in May. Since Sunday, petrol and diesel prices have been increased by ₹2.74 per litre and ₹2.83 per litre respectively.
This comes in the backdrop of Indian economy limping back to normalcy after the world’s strictest lockdown. India’s power and overall energy demand, which had nosedived, is also returning to the pre-lockdown levels gradually, Mint reported.
