Fuel price hiked for 22nd time, diesel prices touch new high

June 29, 2020: Petrol and diesel prices were hiked on Monday for the 22nd time in just over three weeks.


June 29, 2020: Diesel price on Monday scaled a new high after prices were hiked for the 22nd time in just over three weeks, taking the cumulative increase to Rs 11.14 per litre.

Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country, according to a price notification of state oil marketing companies.

However, the prices of petrol continued to be much higher than diesel in Kolkata, Mumbai and Chennai.

The latest increase was followed by a day's pause in rates, following about three weeks of daily hikes in the fuel prices ever since state-owned oil companies returned to the normal practice of daily reviews following a 12-week hiatus.

In the national capital, the price of petrol was increased to Rs 80.43 per litre with effect from 6 am from Rs 80.38 per litre, and the rate of diesel was raised to Rs 80.53 per litre from Rs 80.40 per litre, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer.

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