From a gap of Rs 30 a litre to costing more than petrol: How diesel price surged

The value of diesel rose for 18th day in a row on Wednesday. With the present enhance, diesel will now price Rs 79.88 per litre in Delhi, whereas petrol value remained unchanged at Rs 79.76 a litre. This is the primary time that diesel prices greater than petrol in Delhi.

The two fuels have seen a hike of Rs 10.49 per litre within the final 18 days.

In January 2018, diesel retailed at Rs 61.74 a litre in Delhi. In a couple of 12 months and a half, the value has gone up by mroe than Rs 18 per litre.

In 2011, the distinction was Rs 30 per litre.

In June 2017, state-run gas retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum switched to day by day value revision from a fortnightly pricing system. And because the dynamic gas pricing system started, the hole between the costs of the 2 fuels has been narrowing.

Higher levies imposed by the Centre and varied state governments additionally contribute to the upper retail value of diesel.

The enhance in gas charges began on June 7 this 12 months as oil corporations resumed day by day revision in costs consistent with prices after ending an 82-day hole throughout the Covid-19 lockdown. It has taken diesel costs to contemporary highs and petrol value too is at a two-year excessive.

People conscious of the event mentioned the gas costs could quickly cross the Rs 80 per litre mark quickly as worldwide oil costs proceed to surge.

The authorities has been going through Opposition’s ire over the day by day enhance in gas costs. The Congress mentioned on Tuesday that it’s going to launch a ‘Jan Andolan’ (folks’s motion) throughout the nation quickly towards the hike.

Discussing the difficulty at a gathering of the Congress Working Committee, the occasion condemned the hike in petrol and diesel costs and reminded the federal government of its “Raj Dharma”.

The Trinamool Congress additionally slammed the Modi authorities on the Centre, saying it’s “disgraceful to unleash a planned disaster” on the frequent folks at a time when the nation is within the throes of a pandemic.