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    Diesel price scales new high after 25 paise increase

    Synopsis

    There was no change in petrol price for the 8th straight day, and it continues to be priced at Rs 80.43 per litre. Rates vary from state to state depending on the incidence of local sales tax or VAT.

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    NEW DELHI: Diesel price in the national capital on Tuesday touched an all-time high following a rate hike after a week-long hiatus. Diesel price on Tuesday was increased by 25 paise per litre, according to a price notification of state-owned oil marketing companies.

    This took the retail selling price of diesel to Rs 80.78 per litre in the national capital - the highest ever.

    There was no change in petrol price for the 8th straight day, and it continues to be priced at Rs 80.43 per litre.

    Rates vary from state to state depending on the incidence of local sales tax or VAT.

    Petrol and diesel price were last revised on June 29.

    In the last one month, diesel price has been increased on 23 occasions while petrol rates have risen 21 times.

    The cumulative increase since the oil companies started the cycle on June 7, totals to Rs 9.17 for petrol and Rs 11.39 in diesel.

    In Mumbai, petrol is priced at Rs 87.19 - unchanged since June 29, while diesel was hiked to Rs 79.05 a litre from Rs 78.83.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    2 Comments on this Story

    Pramendra Khokher11 days ago
    The government is killing the very reason for its existence, the public. I do not know why they are being let to get away with such parasitic actions ?
    Natarajan D34 days ago
    When it will touch 100₹, days are not far off
    The Economic Times