Oil companies, rather of passing on the excise trek to consumers, decided to adjust them versus the decrease needed because of the drop in worldwide oil prices. File image.|Image Credit:
K. Pichumani.
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Oil companies had on Sunday raised prices by 60 paisa per litre on both gas and diesel after ending a 83- day hiatus in day-to-day rate revision.
Petrol and diesel rates were hiked by 60 paisa per litre on Monday, for the second day in a row, as state-owned oil firms reverted to daily rate revisions after a 83- day hiatus.
Fuel rate in Delhi was hiked to7246 per litre from7186 on Sunday, while diesel rates were increased to 70.59 a litre from6999, according to a rate notice of state oil marketing business.
This is the second day-to-day boost in rates in a row. Oil companies had on Sunday raised prices by 60 paisa per litre on both fuel and diesel after ending a 83- day hiatus in everyday rate revision.
Day-to-day price revision has actually restarted, an oil business official said.
While oil