Petrol, diesel prices rise for first time in 2 months; vaccine hope, lockdown fear balance crude prices
Petrol and diesel prices today rose for the first time in nearly two months. Petrol price rose 17 paise per litre and diesel price surged 22 paise, according to the Indian Oil Corporation. With today’s increase in fuel prices, petrol is being sold at Rs 81.23 a litre while diesel is at Rs 70.68 a litre in Delhi. While the last revision done to the petrol prices was on September 22, the diesel rates last changed on October 2. Earlier in the year, retail fuel prices remained unchanged between June 30 and August 15, and March 17 and June 6.
The Oil Marketing Companies (OMCs) in India such as Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation – follow benchmark international oil price and foreign exchange rate to revise rates of petrol and diesel on a daily basis.
