New Delhi, June 13, 2020.
Petrol and diesel prices are continuously becoming expensive for the common man with oil marketing companies (OMCs) raising the fuel prices by about 60 paise per litre on Friday.
The auto fuel prices have now risen for the sixth day in a row, with petrol prices increasing by Rs 3.31 and diesel by Rs 3.42 per litre since Sunday.
In three of the last five days, the prices have risen by a sharp 60 paise per litre while it increased by around 40 and 55 per litre on Tuesday and Wednesday respectively, and by 57/59 paise on Friday.
Sources in oil marketing companies said that price rise could continue for another week and 10 days as global product prices are forming up with a pick up in demand following opening up of economies across the globe post Covid-19 related lockdown.
Even global crude price are on the rise and its prices have more than doubled from April levels at over $40 a barrel level.
The increase in retail prices on Friday has been made under the dynamic pricing system for daily revision of fuel prices which OMCs resumed after over 83 days break during the lockdown period.