Petrol, diesel prices remain unchanged after five consecutive day hikes
Fuel prices were unchanged on Wednesday after five consecutive day hike by the oil marketing companies.
New Delhi: Fuel prices were unchanged on Wednesday after five consecutive day hike by the oil marketing companies.
Petrol and diesel prices that remained unchanged for 48 days saw a rate revision on November 20, as state-run oil marketing companies hiked fuel prices.
On Tuesday, Petrol prices were hiked by 6 paise to Rs 81.59 per litre in Delhi, while diesel prices were hiked by 16 paise to Rs 71.41 per litre. Rates differ from state to state depending on the incidence of VAT. Taxes make up for nearly two-third of the retail selling price.
In September, diesel prices saw first reduction since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) froze rates for 82 days to adjust a record hike in excise duty on auto fuels against falling benchmark cost.