Diesel price hiked on Sunday

Mon 27 Sep 2021, 12:09:36
New Delhi: Diesel price on Sunday was hiked by 25 paise per litre - the second increase in rates after the state-owned oil firms ended a three-week hiatus in rates following international oil prices surging to their highest since 2018.

Price of diesel was hiked to Rs  89.07 per litre in Delhi and to Rs 96.68 in Mumbai, according to a price notification of state-owned fuel retailers.

Petrol price was not changed. It costs Rs 101.19 a litre in Delhi and Rs 107.26 in Mumbai.

State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had on September 24 resumed daily price revision, ending the pause in rates hit since September 5.

On September 24, diesel rates were hiked by 20 paise a litre. On that day too petrol price had remained unchanged.

Global benchmark Brent crude has risen to USD 77.50 a barrel as crude inventories shrunk from Europe to the US. Oil rates are up 2 per cent for the week and this is the fifth weekly gain.

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