HIGHLIGHTS:

  • The petrol price in Delhi increased to Rs. 102.94 per litre, and diesel stood at Rs. 94.53 per litre
  • In Mumbai, the petrol price stood at Rs. 108.96 a litre, while diesel at Rs. 99.17 per litre, the costliest of all metropolitan cities
  • In the city of joy, Kolkata, the price of petrol and diesel stood at Rs. 103.65 litre and Rs. 94.53 litre
  • In Chennai, the price of petrol is Rs. 100.49 per litre, and Rs. 95.93 per litre for diesel

On Wednesday, for the first time, the petrol prices increased to Rs. 102.94 per litre. The surge in price took place after oil marketing companies (OMCs) hiked the fuel rates again by 30 paise. The price of diesel stood at Rs.94.53 per litre, up by 35 paise.

For the second consecutive day, the fuel prices went up in major cities as a result of international oil prices hitting the highest mark since 2014. Coming down to Mumbai, the petrol price stood at Rs. 108.96 a litre, while diesel at Rs. 99.17 per litre. In the city of joy, the price of petrol and diesel stood at Rs.103.65 litre and Rs. 94.53 litre. Meanwhile, in Chennai, the price of petrol is Rs. 100.49 per litre, and Rs. 95.93 per litre for diesel. However, the prices differ from state to state depending on the incidence of local taxes.

The hike in fuel prices comes as international oil prices rallied to a near seven-year high as the Organization of the Petroleum Exporting Countries (OPEC) decided to maintain its planned gradual increase of supply, despite the market facing an energy crunch.

Apart from fuel prices, the petroleum companies have also increased the price of domestic LPG cylinders by Rs. 15. As a consequence, the cost of a non-subsidized 14.2 kg cylinder in Delhi will cost Rs. 899.50.

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Editor-In-Chief, Global Tribune

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