Petrol has become costlier by Rs 1.65 per litre over the last fortnight as fuel retailers have raised its rate to Rs 82.08 since August 15. The prices of diesel have remained unchanged over the last month at Rs 73.56 a litre.
Initially, retail prices of both petrol and diesel remained frozen for the first 15 days of August at Rs 80.43 and Rs 73.56 in Delhi. Petrol prices started increasing from August 16 with 14 paise a litre hike that day. Thereafter, petrol rates increased gradually.
Over the last fortnight, petrol prices were revised about a dozen times even as international rates did not fluctuate much as benchmark Brent crude remained in the range between $45.4 per barrel and $45.9 a barrel. On Tuesday, Brent crude opened at $45.60 per barrel and was trading at $45.86 a barrel, 1.28% up from Monday close of $45.28 per barrel.
