Soon after the polling ended in Karnataka, the fuel prices have been increased today by 17 paise per litre on petrol and diesel by 21 paise per litre. The increase has happened after 19 days as daily pricing of fuel is back in function. Delhi saw petrol prices raised to Rs 74.80 per litre from Rs 74.63 while diesel rates were increased to Rs 66.14 from Rs 65.93.
reuters
With this, diesel prices have touched a record high while petrol is at a 56-month peak.
The PSUs which kept the price unchanged during the Karnataka campaign have lost Rs 500 crore as they absorbed higher cost resulting from the spike in international oil rates and fall in rupee against the dollar.
?Fuel prices have revised on April 24 when petrol and diesel were hiked by 13 paise each, and thereafter, prices remained unchanged.?
afp
In International market, the price of petrol has swung from USD 78.84 per barrel on April 24 to USD 82. 98 now, the diesel prices internationally have changed from? USD 84.68 per barrel to USD 88.63 in the same period.?