Petrol, diesel price rise paused a day after reaching new highs

Oil marketing companies kept the retail price of petrol and diesel unchanged on Tuesday to analyse the global oil price movement before making further revisions.

Accordingly, petrol continued to be priced at Rs 99.86 a litre and diesel Rs 89.36 a litre in the national capital on Tuesday.

Across the country as well the fuel prices remained unchanged on Tuesday. The prices were last revised upwards on Monday when OMCs raised the petrol rates by up to 35 paise per litre while keeping diesel rates unchanged.

The price pause has come not before the fuel rates have reached new highs across the country through numerous increases in the last two months.

Starting from a price line of Rs 90.40 a litre on May 1, petrol is now priced at Rs 99.86 a litre in the national capital, rising by a sharp Rs 9.46 per litre in the last 67 days. Similarly, diesel prices in the capital also rose by Rs 8.63 per litre in the past two months to reach Rs 89.36 a litre in Delhi.

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