Lagatar24 Desk
New Delhi, Oct.5: After Oil Marketing Companies (OMCs) decided to raise fuel rates, petrol and diesel prices across the country hit new highs today. On Tuesday, the price of petrol was increased by 25 paise per litre, while diesel was increased by 30 paise per litre. The prices stayed stable on Monday, after both fuels’ pump prices had risen for four days in a row.
Petrol costs Rs 102.64 per litre in Delhi, while diesel costs Rs 91.07.
In Mumbai, petrol costs Rs 108.67 per litre while diesel costs Rs 98.80.
In Chennai, petrol costs Rs 100.23 per litre while diesel costs Rs 95.69 per litre.
And the price of petrol in Kolkata is Rs 103.36 per litre, while diesel is at Rs 94.17 per litre.
According to an IANS report, benchmark crude prices yesterday finished at a bit lower level of USD 79 per barrel, after flying above a three-year high of USD 80 per barrel early last week.
Petrol prices had been stable since September 5, but with a recent spike in product prices, oil firms officially hiked pump prices last week on Tuesday. According to the IANS report, it has now followed fuel with regular price hikes for the last four days before the break on Monday.
The OMCs had previously opted to keep a close eye on global oil prices before making any rate changes. This is why the petrol prices have not been revised in the last three weeks. However, according to the IANS report, severe volatility in global oil price movement has led OMCs to implement the rise.
