- Petrol price surged to hit a new 55-month high on Sunday
- Diesel price hit new all-time high of Rs. 65.65 in the national capita
- The petrol and diesel prices tend to fluctuate on a daily basis
At the same time, diesel price on Sunday stands at Rs 65.65 in Delhi, Rs 68.35 in Kolkata, Rs 69.91 in Mumbai and Rs 69.27 in Chennai.
The petrol and diesel prices tend to fluctuate on a daily basis since the state-owned oil companies that include Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL), in June last year had renounced the 15-year practice of revising rates on the fortnightly basis and adopted a daily prices revision system to reflect changes.
|Metros||Non-Branded Petrol Prices (Rs) On 22/4/2018||Rates on 21/4/2018||Mar-31||Dec-31|
|Metros||Non-Branded Diesel Prices (Rs) On 22/4/2018||Rates on 21/4/2018||Mar-31||Dec-31|
The government had slashed excise duty by Rs. 2 per litre in October 2017, when petrol price reached Rs. 70.88 per litre in Delhi. Following this, diesel prices came down to Rs. 56.89 per litre and petrol to Rs. 68.38 per litre. However, a global rally in crude prices pushed domestic fuel prices far higher than those levels.
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