Lagatar24 Desk
Fuel prices across the country increased as international crude oil prices had climbed to a three-year high. As a result on September 28, Diesel prices have increased for the third consecutive day. Petrol in the national capital today costs Rs 101.39 per liter, up 20 paise from yesterday while diesel in the capital city is retailing at Rs 89.57 per liter, an increase of 25 paise. Diesel price has increased by nearly 70 paise in four days.
Government-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) resumed daily price revision in line with benchmark international price and foreign exchange rates. Prices may increase further in the coming days. Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities says that due to increasing demand for crude oil, it can go up to $ 80 in the coming days. Due to this, the price of petrol and diesel can increase by 2 to 3 rupees.
Mumbai’s petrol cost is still the highest across metro cities, standing at a staggering Rs 107.47 per liter. Notably, Rates have been increased across the country and differ from state to state depending on the incidence of value-added tax.
