The prices of petrol and diesel continued to rise through the fortnight with the two auto fuels getting dearer by 51 and 61 paise per litre respectively on Saturday.
This is the 14th day of fuel price hike since June 7 when oil companies began the daily price revision mechanism after a hiatus of 83 days during the lockdown.
With the latest increase, petrol is being retailed at Rs 78.88 per litre and diesel at Rs 77.67 a litre in Delhi.
This is an increase of Rs 7.62 per litre in the price of petrol since June 7.
Similarly, diesel prices have gone up higher by Rs 8.28 per litre during the 24 day period.
The good news is that the auto fuel price rise may either stop or the quantum of increase could fall in the coming week as oil companies have now priced the products closer to the international benchmark rates.
There could be days when prices are not changed by the oil companies.
Sources in oil marketing companies, however, said that price rise could continue for few more days as global product prices are firming up with a pickup in demand following opening up of economies across the globe post Covid-19 related lockdown.
Even global crude prices have more than doubled from April levels to over $ 42 a barrel level.
