Tuesday, August 28News That Matters

Tag: global oil prices

Petrol prices spiked – Rs 79 per litre in Mumbai, Rs 70 per litre in Delhi, at highest since August, 2014

Petrol prices spiked – Rs 79 per litre in Mumbai, Rs 70 per litre in Delhi, at highest since August, 2014

Economy, National
National and Financial capitals of India- Delhi & Mumbai witnessed a drastic hike in the petrol pricing on Saturday and the new price is at a pinching rate of Rs 70.03 per litre and Rs 79.14 per litre respectively, highest since August 2014. As per news report, this rise has taken petrol rates to the highest in last eight months. Since July, the price of petrol and diesel has seen a rise of Rs 7.11 and Rs 5.09 per litre in Delhi. As per the report by PTI, the state-owned oil companies in June dumped the 15-year old practice of revising rates every 15 days, that is on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantly reflect changes in cost. Rates during the first fortnight dropped but have been on the rise since July 3. Oil Minister Dharmend