(ET)
State oil companies have raised prices of petrol and diesel by Rs 5.64 per litre and Rs 3.72 per litre respectively since July 1 through daily revisions that have largely gone unnoticed. In Delhi, petrol was being sold for Rs 68.73 a litre and diesel for Rs 57.05 a litre on Wednesday, according to the website of Indian Oil Corp. On July 1, the prices of petrol and diesel were Rs 63.09 and Rs 53.33 a litre.
Prices in other states would vary due to local levies. Petrol, diesel as well as jet fuel, crude oil and natural gas are not in the ambit of the Goods and Services Tax (GST) and covers most goods and services, including petroleum products such as cooking gas and lubricants. Prices of petrol, diesel, cooking gas and kerosene have historically been politically sensitive as these directly impact households’ budget and have the potential to induce inflation.
