New Delhi: Petrol price today touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers.
Petrol price today increased by 33 paisa a litre in Delhi — the highest since the daily price revision came into force in mid-June 2017, and diesel by 26 paisa, according to price notification issued by stateowned oil firms.
Rates vary from State to State depending on the incidence of local sales tax or VAT. With this increase, petrol has touched an all time-high, breaching the previous high of Rs 76.06 touched in Delhi on September 14, 2013. Diesel rates are also at the all-time high level.
This is the seventh straight day of price increase since oil PSUs on May 14 resumed daily price revision after a 19-day pre-Karnataka poll hiatus. In all, petrol price has been raised by Rs 1.61 a litre and diesel by 1.64 in last one week.
In Mysuru, the petrol rates this morning stood at Rs. 77.18 (old rate Rs. 76.84) and high-speed diesel at Rs. 68.46 (old rate Rs. 68.19)
Economic Affairs Secretary Subhash Chandra Garg refused to say if the government will cut excise duty on auto fuel to ease the burden on consumers. Asked if the government would cut excise duty on petrol and diesel, he had stated that he has nothing to say on that front. “Just watch.”
This post was published on May 20, 2018 6:32 pm