Diesel prices hiked by 12 paise despite low demand, petrol unchanged
Unexpected rise in diesel prices despite slower demand has extended the gain for the transport fuel 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 that 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, remain 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. Read More