ADVERTISEMENT

Petrol prices rise for 13th straight day; almost Rs 78 in Delhi

Petrol prices rise for 13th straight day; almost Rs 78 in Delhi

Published
Hot News Text
1 min read
Petrol. (Photo: IANS)
New Delhi, May 26 (IANS) Domestic petrol prices increased for the 13th day in a row on Saturday, with the fuel being sold at Rs 77.97 per litre in the national capital.
The price rose to Rs 77.97 in Delhi from Rs 77.83 a litre on Friday, data from the Indian Oil Corp website showed.
Along with Delhi, prices in Mumbai and Chennai have already reached record levels and are only reaching new highs every single day.
In Mumbai and Chennai, petrol was sold at Rs 85.78 and Rs 80.95 a litre, respectively, up from Rs 85.65 and Rs 80.80 per litre on Friday.
Further, in Kolkata, petrol price, currently inching towards a four year high, was sold at Rs 80.61, against 80.47 per litre on Friday.
This surge in fuel prices is largely attributed to the recent rise in crude oil prices and the high excise duty on the fuels in the country.
The price Brent crude oil, however, has declined around $3 per barrel in the last two days, which raises hopes of easing fuel prices in the country. Brent crude is currently priced around $76 per barrel.
Prices of diesel, the key transportation fuel, which are already at record levels across the major cities rose to Rs 68.90, Rs 71.45, Rs 73.36 and Rs 72.74 a litre on Saturday in Delhi, Kolkata, Mumbai and Chennai respectively.
--IANS
rrb/vd

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

ADVERTISEMENT
Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!
ADVERTISEMENT