INSUBCONTINENT EXCLUSIVE:
raised the prices of petrol, diesel again for the third day in a row
After the price hike, petrol prices now stand at Rs 75.98 in Delhi
In other three metro cities of Mumbai, Kolkata and Chennai, petrol prices stand at Rs 83.37, Rs 78.66 and Rs 78.85, respectively
Diesel is now sold for Rs 67.76 in Delhi on Saturday
prices were raised in the range of 14-15 paise, and diesel prices in the range of 16-18 paise
Since May 30, petrol prices have been lowered 22 times, while diesel rates were slashed on 18 occasions
litre, and diesel was slashed in the range of 10-12 paise.It was in June 2010 when the central government freed petrol pricing from its
control, in other words deregulated it
Four years later, diesel prices were de-regulated in October 2014
Last year was quite historic for the fuel prices since the government allowed daily revision of prices starting mid-June 2017
This enables the oil marketing companies to raise or decrease the fuel prices in tandem with the change in crude oil prices, rupee-dollar
exchange rate, among other factors affecting the change in fuel prices.The central government raised excise duty on petrol by Rs
11.77 a litre and that on diesel by Rs
