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New Delhi, July 20, 2020
An unexpected rise in diesel prices despite slower demand has extended the gain for it over petrol in Delhi.
With a 12 paise hike in diesel price in New Delhi on Monday, while petrol prices remaining steady, the gap between the two auto fuels has further widened in the national capital. Last month, diesel prices overtook those of petrol in Delhi in an unprecedented development.
Diesel was priced at Rs 81.64 per litre on Monday in the national capital, higher than the previous level of Rs 81.52 a litre. Petrol prices, however, remained unchanged at Rs 80.43 a litre, the same level as June 29 when its pump price rose marginally by 5 paise over previous days price.
With this, diesel is now over a rupee higher than petrol, overturning the advantage of running a vehicle on the fuel. With the price trends in diesel, it may soon catch up with petrol prices in other metros as well.
Along with the national capital, diesel prices marginally increased in other metro cities as well but there its is still between Rs 6-8 per litre lower than petrol.
Oil companies began daily revision of the two auto fuels from June 7 after keeping the price unchanged for 82 days during the COVID-19 induced lockdown. Since then petrol and diesel prices have increased by Rs 9.50 and Rs 11.50 per litre, respectively. Last week petrol and diesel prices remained unchanged for four days before diesel prices were increased on Sunday and again on Monday.