Petrol costlier by ₹11.14/litre and diesel by ₹9.14/litre since May 4
Petrol became costlier by 35 paise a litre on Thursday after a two-day pause, and the diesel rate moved up by 15 paise again after the Monday’s price reduction of 16 paise, the first since April 15, even as international crude prices plunged by over 2%, anticipating ease in supply.
With the latest price hike, petrol rates have soared by ₹11.14 a litre and diesel by ₹9.14 since May 4, a day after the results of five assembly polls were declared.
Petrol is now priced at ₹101.54 per litre and diesel at ₹89.87 a litre in New Delhi. While fuel rates of state-run Indian Oil Corporation (IOC) in Delhi are the benchmark for the entire country, retail prices of the two fuels differ from place to place because of variations in state taxes and local levies.
