01:33 GMT06 May 2021
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    New Delhi (Sputnik): Indian oil marketing companies earlier held back any increase in the retail price of petrol and diesel during the lockdown period. But since 7 June, they have started adjusting retail rates in line with costs after an 82-day hiatus.

    With continuous increases in the price of petrol and diesel in India for the past consecutive 18 days, diesel will now cost more than petrol in the nation's capital for the first time. In Delhi a litre of petrol costs INR 79.76 ($1.05), while diesel costs INR 79.88 ($1.056)

    ​Meanwhile, Rahul Gandhi, former chief of the main opposition party, Congress, has slammed the federal government saying “The Modi government has unlocked the corona pandemic and petrol-diesel prices". Gandhi also tagged a graph with his tweet in Hindi, titled “The coronavirus is not the only rising curve".

    ​Eighty percent of India's crude oil requirements are met through imports. According to estimates, a reduction of one dollar in crude oil prices per barrel results in savings of $1.5 billion on India’s oil import bill.

    Indians have been venting their anger through social media and several tweepies reminded Prime Minister Narendra Modi of his campaigns against his predecessor prior to his party coming to power in 2014.  


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