After declining for a fortnight, petrol and diesel prices have hit a pause button with rates remaining unchanged for the second consecutive day on Thursday.
Petrol and diesel price were last revised on June 12 when they were cut by 15 paise and 10 paise a litre, respectively. Rates have stayed unchanged since then, according to a review of price notifications issued by state fuel retailers.
Petrol costs Rs 76.43 per litre in Delhi and diesel is priced at Rs 67.85 a litre. Prices in Delhi are the lowest among all metros and most state capitals due to lower sales tax. After hitting an all-time high of Rs 78.43 a litre for petrol and Rs 69.31 for diesel on May 29, rates have been cut on 14 occasions thereafter as international oil prices softened and the rupee strengthened against the dollar.
Petrol price has fallen Rs 2 a litre and diesel Rs 1.46. It compares to Rs 3.8 a litre hike in petrol and Rs 3.38 in diesel in Delhi in the fortnight beginning May 14 when oil firms ended a 19-day pre -Karnataka poll hiatus to resume daily revision.
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