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Petrol prices today crossed the Rs 78 per litre mark in Delhi

New Delhi:28/8/18: Petrol prices today crossed the Rs 78 per litre mark in Delhi for the first time in more than two-and-half-months, while diesel continued to scale new highs.

Petrol price was hiked by 14 paise and diesel by 15 paise, according to price notification of state-owned fuel retailers.

The increase pushed up the petrol price past Rs 78 for the first time since June 3. It now costs Rs 78.05 a litre in Delhi. In Mumbai, it is at Rs 85.47.

Diesel rates scaled a new high of Rs 69.61 per litre. In Mumbai, it costs Rs 73.90.

Fuel prices in Delhi are the cheapest in all metros and most of state capitals due to lower sales tax or VAT.

Diesel prices hit their highest level, crossing the previous peak of Rs 69.31 a litre reached on May 29.

Petrol rates are however lower than the peak hit on May 29 when they touched Rs Rs 78.43 a litre in Delhi and Rs 86.24 in Mumbai.

Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the US dollar. The domestic unit hit a record low of 70.32 in early trade that day.

Petrol price has risen by Rs 0.91 a litre in Delhi in last 13 days. Diesel rates have gone up by Rs 0.89 per litre since then.

State-owned oil firms had in mid-June last year dumped the 15-year practice of revising rates on 1st and 16th of every month in favour of daily price revisions.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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