New Delhi | Jagran Business Desk: After witnessing a continuous surge for 21 days, petrol and diesel prices were not raised across the country for the first time since June 7 on Sunday.

In Delhi, petrol and diesel is priced at Rs 80.38 per litre and Rs 80.40 per litre respectively. Petrol witnessed a spike of 25 paise per litre while the diesel was increased by 21 paise per litre in Delhi on Saturday.

In Mumbai, the petrol and diesel continue to be priced at Rs 87.14 per litre and Rs 78.51 per litre respectively while in Kolkata, petrol and diesel are being sold at Rs 82.05 per litre and 75.52 per litre. In Chennai, one litre of petrol is priced at Rs 83. 59 while the same quantity of diesel costs Rs 77.61.

Petrol and diesel prices have been increasing in the country after the oil companies started restarted revising prices since June 7 in line with costs after ending an 82-day hiatus during which they adjusted steep excise duty hikes by the government against the fall in benchmark international oil rates. 

Since June 7, the cost of petrol and diesel across the country have increased by Rs 9.12 per litre and Rs 11.01 per litre respectively. Though fuel prices have been increased across the country but the final retail selling price differs from state to state depending on the incidence of local sales tax or VAT.

Amid the continuous rise in petrol and diesel prices, the OMC officials, quoted by news agency IANS, have said that it is hard to predict which of the two fuels will be priced higher in the Capital as the gap between the two is almost negligible.

Meanwhile, if price of petroleum products and crude hold their positions in global markets, then petrol and diesel prices rise can stop and the country might see marginal fall in prices.

Prices of transportation fuel were last revised under the dynamic pricing policy on March 16 and there were few instances of price hike later only when the respective state governments hiked VAT or cess.

(With IANS inputs)

Posted By: Aalok Sensharma