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Petrol, diesel prices rise again sharply for third straight day
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Print Petrol, diesel prices rise again sharply for third straight day
New Delhi: Petrol and diesel prices in the country rose again sharply by 25 paise and 30 paise per litre respectively on Thursday as Oil Marketing Companies (OMCs) continued to cover for their losses on holding back price rise for the past 18 days due to state elections.
This is third increase in fuel prices in as many days as petrol and diesel prices rose by 15 paise and 18 paise per litre respectively on Tuesday and by 19 paise and 21 paise per litre respectively on Wednesday after 18 days break.
With Thursday’s increase, petrol is now being retailed at Rs 90.99 a litre and diesel Rs 81.42 a litre in the national capital.
Across the country as well the petrol and diesel prices increased on Thursday but its quantum varied depending on the level of local levies in respective states.
Petrol prices in some states have breached the Rs 100 per litre mark while premium petrol has been hovering above that level for quite some time now.
IANS had written earlier that OMCs may begin increasing the retail price of petrol and diesel post state elections as they were incurring losses to the tune of Rs 2-3 per litre by holding the price line despite higher global crude and product prices. The oil companies had already increased the ATF prices by 6.7 per cent effective this month.
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