After consecutive cuts, oil marketing companies (OMCs) raised petrol and diesel prices on Monday for the first time since December 17, 2018, on the back of a recent increase in global crude oil prices. While petrol prices have been raised in the range of 21-22 paise across major cities, diesel prices have been increased by 8 paise. With the latest revision, petrol and diesel in Mumbai are retailing at Rs 74.16 per litre and Rs 65.12 per litre, respectively.
In the national capital New Delhi, a litre of petrol is being sold at Rs 68.50 per litre, an increase of 21 paise per litre, from yesterday’s price, and a litre of diesel is retailing at Rs 62.24 per litre, according to data available with the Indian Oil Corp website. On December 31, prices of petrol touched their lowest level of 2018, while diesel prices reached their lowest since March-end. Currently, petrol prices are at its lowest level in over a year and diesel prices have touched a nine-month low.