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On fifth day of hike, petrol price hits ₹70 per litre, diesel ₹64 in Delhi
In Delhi, petrol now costs ₹70.13 a litre and diesel is priced at ₹64.18. In Mumbai, petrol costs ₹75.77 a litre and diesel is priced at ₹67.18.
Petrol price breached the ₹70 a litre-mark and diesel crossed ₹64-mark Monday after rates were hiked for the fifth consecutive day on rising input cost.
Petrol price was raised by 38 paise per litre and diesel by 49 paise a litre, according to price notification issued by state-owned oil firms.
In Delhi, petrol now costs ₹70.13 a litre and diesel is priced at ₹64.18.
This is the fifth consecutive day of increase in rates and sixth hike this month. Rates on Sunday were increased by 49 paise per litre in case of petrol and 59 paise for diesel. In all, prices have gone up by ₹1.84 a litre for petrol and by ₹2.02 for diesel in the new year.
In Mumbai, petrol costs ₹75.77 a litre and diesel is priced at ₹67.18. Rates vary from state to state, depending on the rate of local sales tax or value added tax (VAT).
Petrol and diesel prices have been on the rise since January 7. Prior to that, rates had cooled to a year’s low of ₹68.29 for petrol and ₹62.16 in case of diesel. This followed a decline in rates on almost all days since October 18, 2018.
In all, the petrol price has fallen by ₹14.54 per litre since October 18, 2018, while diesel price declined by ₹13.53 per litre in two and a half months.
