Petrol And Diesel Prices For Second Day Increases By 60 Paise Per LitreTop Stories

June 08, 2020 14:28
Petrol And Diesel Prices For Second Day Increases By 60 Paise Per Litre

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On Monday, oil companies hiked their petrol and diesel prices up to 60 paise per liter. This happened after state-owned oil marketing companies responded back to the normal practice of daily price revisions after a gap of 83 days.

According to a notification given by state oil marketing companies. On Sunday, in Delhi, the petrol and diesel prices were hiked from Rs. 71.86 per litre toRs 72.46 per litre.

In the national capital, the price of diesel was69.99 and now they have increased it up to Rs 70.59 per litre.

Since March 6th, the highest level recorded by the Brent crude futures was $43.41 per barrel. The global benchmark for crude oil were last seen trading up to 0.5 per cent at $42.51 per barrel.

Apart from, aviation turbine fuel (ATF) - or jet fuel - and liquefied petroleum gas (LPG), all the State-run oil marketing companies revise the prices of petrol and diesel from time to time.

Due to the fluctuation in global oil markets, since March 16, the oil companies had kept petrol and diesel prices on hold.

Fuel in the country is passed to State refiners such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum Corporation. Around 90% of the retail fuel outlets are owned by three of these companies.

By Neha Makhija

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