NEW DELHI : Narrowing the rate gap between the two fuels, the price of diesel is now growing at a sharper rate than that of petrol. In the month of December, petrol price went up by just 28 paise a litre but that of diesel spiked by ₹2.18 a litre. Continuing with the trend, state-run fuel retailers hiked the price of petrol of 11 paise a litre today but for diesel it was 14 paise a litre. Petrol price was hiked by ₹1.94 a litre while diesel price went in the opposite direction with a decline of 7 paise. If crude oil price forecasts are taken as an indication, the price of petrol and diesel is unlikely to see any sharp increase or decrease.

Source: Mint January 02, 2020 03:56 UTC