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Petrol price crosses Rs 80-mark in Delhi for first time since 2018, diesel at new high as oil companies hike rates

Petrol price crosses Rs 80-mark in Delhi for first time since 2018, diesel at new high as oil companies hike rates 1
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Petrol price crosses Rs 80-mark in Delhi for first time since 2018, diesel at new high as oil companies hike rates 2

Petrol value crosses Rs 80-mark in Delhi for first time since 2018, diesel at new excessive as oil firms hike charges

New Delhi: Petrol value within the Nationwide Capital on Friday crossed Rs 80 per litre mark, for the primary time in additional than two years, as oil firms proceed to boost petrol and diesel costs in keeping with prices.

Oil firms hiked petrol value by 21 paise per litre and diesel by 17 paise a litre, in response to a value notification of state oil advertising and marketing firms.

Petrol value in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 whereas diesel charges had been elevated to Rs 80.19 a litre from Rs 80.02.

Charges have been elevated throughout the nation however the closing retail promoting value differs from state to state relying on the incidence of native gross sales tax or VAT.

In Mumbai, petrol is priced at Rs 86.91 per litre and diesel at Rs 78.51.

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Petrol value has crossed Rs 80-mark for the primary time in additional than two years, whereas diesel charge is at an all-time excessive. Petrol had final crossed Rs 80 mark in September 2018.

Whereas diesel value has been hiked for the 20th straight day, petrol value has been raised on 19 events in lower than three weeks.

The cumulative improve because the oil firms began the cycle on 7 June now totals to Rs 8.87 for petrol and Rs 10.Eight in diesel.

Diesel had for the primary time develop into costlier than petrol in Delhi on Wednesday.

Nevertheless, diesel is costlier than petrol solely within the Nationwide Capital the place the state authorities had raised native gross sales tax or VAT on the gasoline sharply final month. It prices lower than petrol in different cities.

On 7 June, oil firms restarted revising costs in keeping with prices after ending an 82-day hiatus throughout which they adjusted steep excise obligation hikes by the federal government in opposition to the autumn in benchmark worldwide oil charges.

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