Diesel: Most Expensive Auto-fuel in Delhi
Aditi Gupta -
On 24th June 2020, Delhi saw a record-breaking hike in petrol and diesel prices. With this current increase, diesel has become the most expensive auto-fuel in India as oil marketing companies raised its price by Rs.9.58 per litre.
For the last 15 days, the oil marketing companies (OMC’s) are consistently increasing petrol and diesel prices every day. The collective increase in diesel price in the fortnight is Rs.10.49 a litre. This is a substantial fortnight hike in auto-fuel prices since April 2002 when our then prime minister Shri Atal Bihari Vajpayee’s government deregulated the oil fuel prices to bring them in tune with the international prices. Diesel prices in India have always remained cheaper than that of petrol due to differences in taxation structure at both center and state level, but, globally diesel is one of the expensive auto-fuel due to its higher cost of production.