Petrol, and diesel prices witness hike for 16th consecutive day

Petrol and diesel prices continued to rise for the 16th day in a row by 33 and 58 paise per litre respectively on Monday.

This is the 16th day of fuel price rise since June 7 when oil companies began the daily price revision mechanism after a hiatus of 83 days during the lockdown.

With the latest increase, petrol is being retailed at Rs 79.56 per litre and diesel at Rs Rs 78.55 a litre in Delhi. This is an increase of Rs 8.3 per litre in the price of petrol since June 7. Similarly, diesel prices have gone up higher by Rs 9.46 per litre.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or value added tax (VAT).

In Mumbai, petrol price has gone up from Rs Rs 86.04 per litre to Rs 86.36 on Monday. Diesel rates have increased to Rs 77.24 a litre from Rs 76.69 a litre, according to the price notification.