Due to firming international rates, Petrol prices have reached the mark of Rs 77 per litre, while diesel rates crossed Rs 68.50 for the first time in two months. According to daily price notification issued by state-owned oil firm, petrol price in Delhi was today hiked by 9 paisa a litre to Rs 77.06 while diesel rates went up by 6 paisa.
Retail selling prices have been firming up since July 30 as international rates inched up. Rates have risen by Rs 0.90 a litre in case of petrol in nine days while diesel prices have risen by Rs 0.88 per litre.
Petrol was last above the Rs 77-mark on June 9 when it was priced at Rs 77.02 a litre in Delhi. On that day, diesel was priced at Rs 68.28 per litre.
High prices have off-and-on triggered demands for a reduction in excise duty but the government had ruled out any immediate cut.
The Centre currently levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel.