New Delhi:
State oil companies have raised rates of
petrol and
diesel by Rs 5.5- Rs 5.8 per litre in ten days, taking retail prices to their highest in 19 months.
Petrol price was up 47 paise a litre and diesel 93 paise a litre on Tuesday. In Delhi, petrol sold for Rs 76.73 a litre on Tuesday, the highest since November 17, 2018. Diesel retailed for Rs 75.19 per litre, the highest since October 21, 2018.
In Mumbai, petrol and diesel sold for Rs 83.62 and Rs 73.75 per litre on Tuesday.
State oil companies have hiked fuel rates for ten straight days. The cumulative price hikes for petrol and diesel have been Rs 5.47 and Rs 5.8 per litre, respectively.
Companies also raised rates of jet fuel by 16% in their fortnightly revision on Tuesday. Jet fuel would now cost Rs 39,069.87 per kilolitre in Delhi. Increased fuel cost would mean increased cost for airlines and expensive fares for air travellers.
Companies are raising rates for petrol, diesel and jet fuel to keep domestic rates aligned with international rates that have jumped in the past one month.