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Petrol and Diesel Prices Hiked for 15th Straight Day

Petrol and Diesel price hike

With 15th straight day hike of petrol and diesel, diesel price has reached a record high of 2 years. While petrol prices increased by 30-35 paise in major cities, diesel prices increased by 60-62 paise.

Since the time, petroleum companies have restarted daily price changes, in 15 hikes, petrol price has gone up by Rs 7.97 per litre and diesel by Rs 8.88 a litre.

Prior to the current rally, diesel rate had touched a peak of Rs 75.69 per litre in Delhi on October 16, 2018. The highest-ever petrol price was on October 4, 2018, when rates soared to Rs 84 per litre in the National Capital.

The increase in petrol and diesel prices has been done on account of increase in custom duty by the central government after the outbreak of corona pandemic. Earlier, on March 14, excise duty on petrol and diesel was increased by Rs. 5 and later in May, the it was again increased by Rs. 10 per litre on petrol and Rs. 13 per litre on diesel.

Even after the anger in public regarding the rise in petrol and diesel prices hike and stern words by opposition parties including Congress President, who has written letter to PM Modi regarding cut in excise duty, no signs of relief has been witnessed by the government in past 15 days.

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