: Diesel price reduced by 16 paise for first time since April, petrol gets costlier by 28 paise #IndiaNEWS The rate of diesel was decreased by 16 paise per litre for the first time since April 15, while

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Diesel price reduced by 16 paise for first time since April, petrol gets costlier by 28 paise #IndiaNEWS
The rate of diesel was decreased by 16 paise per litre for the first time since April 15, while petrol prices were hiked by 28 paise for each litre on Monday, reported the Hindustan Times.With this revision in rates, petrol in Delhi now costs Rs 101.19 per litre, while diesel is being sold at Rs 89.72, reported The Indian Express. In Mumbai, diesel is priced at Rs 97.29 and petrol costs Rs 107.20.The price reduction for diesel came after international benchmark Brent Crude fell by .61 (nearly Rs 120), or 2.06%, per barrel at the closing on Friday, as compared to its peak of .16, or approximately Rs 5,746, on July 5.The increase in the price of petrol is the 39th hike since May 4, when state-owned oil firms ended an 18-day pause in rate revision they had observed during Assembly elections to four states and one Union Territory. During this time, petrol prices have gone up by Rs 10.79 per litre and diesel by Rs 8.99 in Delhi. In July, petrol prices have been increased seven times while diesel rates have gone up on four occasions.Since May 4, petrol prices have crossed the Rs 100-per-litre mark in at least 17 states and Union Territories including Madhya Pradesh, Odisha, Rajasthan, Punjab,...Read more

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