Fuel Price Today: Petrol, diesel prices rise for 3rd straight day across metros; check revised rate
4 years, 1 month ago

Fuel Price Today: Petrol, diesel prices rise for 3rd straight day across metros; check revised rate

India TV News  

Prices of petrol and diesel rose across the four metro cities on Sunday for the fourth consecutive day after a nearly two-month hiatus. In the national capital, petrol was priced at Rs 81.46 per litre on Sunday, eight paise higher than the previous level. The prices of diesel in Delhi, Mumbai, Chennai and Kolkata were Rs 71.07, Rs 77.54, Rs 76.55 and Rs 74.64 per litre, respectively, compared to Rs 70.88, Rs 77.34, Rs 76.37 and Rs 74.45 The increase in petrol and diesel prices was expected as the global oil market has shown signs of firming up after positive news on the successful introduction of a coronavirus vaccine soon. While India has brought both petrol and diesel out from an earlier administrative price regime and their retail prices are revised daily based on the global movement product prices, holding the retail price revision for almost two months was surprising. The increase of every dollar in the price of crude results in a retail price of petrol and diesel to be increased by up to 40 paisa per litre.

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