Diesel gets a shade higher, now costs Rs 75.46 per litre in Delhi
Diesel gets a shade higher, now costs Rs 75.46 per litre in Delhi Diesel price increased for the 10th consecutive day on Monday to wipe out all of the Rs 2.50 per litre cut in rates announced earlier in October. The government had, with effect from October 5, cut excise duty on petrol and diesel by Rs 1.50 per litre and had further asked state-owned oil firms to subsidise the fuel by Re 1 a litre. Diesel prices in the last 10 days have been hiked by Rs 2.51 per litre, making it the fastest increase in rates since oil firms implemented daily price revision in mid-June last year. Diesel now costs Rs 75.46 per litre in Delhi, higher than Rs 75.45 a litre price when the government on October 4 announced the excise duty cut in 12 months. Petrol costs Rs 82.72 per litre and has witnessed an increase of Rs 1.22 per litre since the October 4 decision. Petrol on October 4 was priced at Rs 84 per litre. Diesel in Mumbai costs Rs 79.11 per litre, down from Rs 80.10 on October 4. Petrol too in Mumbai is down from the peak of Rs 91.34 per litre on October 4 to Rs 88.18 on Monday. -PTC News
