Petrol, diesel prices rise for sixth straight day, highest since September 2018

News Network
December 7, 2020

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New Delhi, Dec 7: Petrol and diesel prices rose for the sixth day in a row on Monday as rates went up by 26-30 paise per litre.

Petrol price was hiked by 30 paise per litre and diesel by 26 paise, according to a price notification of oil marketing companies.

Rates for petrol in Delhi rose to Rs 83.71 per litre, from Rs 83.41 while diesel price went up from Rs 73.61 to Rs 73.87 per litre.

This is the sixth straight day of price hike and the 15th increase in rates since November 20, when oil companies resumed daily price revision after nearly two-month hiatus.

Rates are now at the highest level since September 2018.

In 18 days, the petrol price has gone up by Rs 2.65 per litre and diesel rate has risen by Rs 3.41.

The rate increase follows international oil prices rising by a third from lows in October-end. Brent crude oil is nearing USD 50 per barrel mark on hopes that Covid-19 vaccines would lead to demand recovery.

Prior to the November 20 hike in rates in India, petrol prices had been static since September 22 and diesel rates hadn't changed since October 2.

In Mumbai, petrol price rose to Rs 90.34 per litre from Rs 90.05, while diesel rates went up from Rs 80.23 to Rs 80.51.

Rates vary from state to state depending on the incidence of local sales tax or VAT.

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News Network
November 15,2024

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Union minister Amit Shah on Friday, November 15, said PM Narendra Modi will amend the Waqf Act despite opposition from leaders like Uddhav Thackeray and Sharad Pawar.

"Modi ji wants to change the Waqf Board law, but Uddhav ji, Sharad Pawar and Supriya Sule are opposing it," Shah said, addressing a rally at Umarkhed in Maharashtra's Yavatmal district.

"Uddhav ji, listen carefully, you all can protest as much as you want, but Modi ji will amend the Waqf Act," he said. Shah said there are two camps in the November 20 Maharashtra assembly polls, one of 'Pandavas' represented by the BJP-led Mahayuti and the other of 'Kauravas' represented by Maha Vikas Aghadi.

"Uddhav Thackeray claims that his Shiv Sena is the real one. Can the real Shiv Sena go against renaming Aurangabad to Sambhajinagar? Can the real Shiv Sena go against renaming Ahmednagar to Ahilyanagar? The real Shiv Sena stands with the BJP," Shah said.

"Rahul Baba used to say that his government would credit money in the accounts of the people instantly. You were unable to fulfil your promises in Himachal, Karnataka, and Telangana," he said.

Shah said the Mahayuti alliance has promised that women will get Rs 2,100 per month under the Ladki Bahin Yojana. "Kashmir is an integral part of India and no power in the world can snatch it away from us," Shah said.

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