Updated Jan 13, 2021 | 15:54 IST
On Wednesday, OMCs hiked petrol and diesel prices by Rs 0,25 per litre, which were retailed at Rs 84.45 and Rs 74.63 in Delhi respectively. Petrol price breaks record in Delhi; retailed at Rs 84.45 per litre | Photo Credit: BCCL
Key Highlights Petrol last touched its peak of Rs 84 per litre in October 2018 while diesel reached peaked at Rs 81.94 in July 2020. On March 16 and May 5, the Centre had increased excise duty on petrol by Rs 13 per litre and diesel by Rs 16 in two tranches.
Excise duty and VAT tax on petrol and diesel account for more than 60 per cent of the rate currently and is a major source of revenue for the government