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In Delhi, petrol is being sold 23 paise higher at Rs 70.12 per litre and diesel at Rs 65.45 per litre after a 29 paise hike.
In New Delhi, petrol is being sold 17 paise higher at Rs. 70.72/litre, and diesel at Rs. 65.16/litre after a 19 paise hike.
On January 12, Mnangagwa announced an increase in petrol prices from USD 1.34 to USD 3.31 per litre and diesel prices to USD 3.11 per litre, which ignited the anti-fuel price hike demonstrations.
This is the fifth consecutive day of increase in rates and sixth hike this month.
This is the first time that fuel prices reached Rs 70-mark in the year 2019. While petrol price witnessed a hike of 38 paise, diesel got costlier by 49 paise in Delhi.
The increase -- third this month -- comes on the back of a 38 paise increase in petrol rates and 29 paise in case of diesel announced on Thursday.
While petrol price witnessed a hike of 19 paise, diesel got costlier by 28 paise in Delhi.
Petrol and diesel in India have declined by nearly 15 per cent each from the record high levels they had reached in October.
The double-whammy of high fuel cost and low fares necessitated by extreme competition magnified as the rupee depreciated and interest-rates remained high.
Petrol price in Delhi was cut to Rs 69.04 per litre from Rs 69.26 while diesel rates came down to Rs 63.09 from Rs 63.32 a litre, according to the price notification of state-owned oil firms.
On Monday, petrol was sold at Rs 69.86 a litre in the national capital, data on the Indian Oil Corp' website showed.
Unexpected halts at a batch of refineries, particularly in Germany, caused the diesel market in Europe’s Amsterdam-Rotterdam-Antwerp trading hub to surge in the past several months as stockpiled up.
Prices in Kolkata, Mumbai and Chennai were Rs 72.16, Rs 75.69 and Rs 72.70, respectively, against the previous levels of Rs 72.36, Rs 75.89 and Rs 72.91 per litre.
The hike in prices come after the prices of the fuel declined over 15 per cent in the last two months from the highs recorded in mid-October.
While petrol became cheaper by Rs 6 per litre for November, diesel price reduced by Rs 5.50 across major cities of the country.