Petrol, Diesel Prices: Oil Companies Pause Hike Of Fuel Prices Across Metro Cities After Seven Days

Domestic petrol & diesel prices were paused December 8, after being hiked for seven consecutive days. In Delhi, the price of petrol remained constant at Rs 83.71 per litre with effect from 6 am on December 8, 2020. Diesel was unchanged at Rs 73.87 per litre, according to notifications from Indian Oil Corporation, the country's largest fuel retailer, reported NDTV. In Mumbai, petrol and diesel prices were at Rs 90.34 per litre and Rs 80.51 per litre respectively. Petrol prices in Delhi have increased by Rs 2.65 per litre and diesel prices have risen by Rs 3.40 per litre in the past 18 days alone. Fuel prices in Mumbai are the highest among metros. Petrol & diesel prices were the highest since September 2018. The sharp rise in fuel prices, triggered by an increase in global crude oil price, is not good for India’s economic recovery as inflationary pressure is already high.

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