Petrol prices rise for 14th straight day, crosses 78 mark in Delhi, 85 in Mumbai

Along with Delhi, prices in Mumbai and Chennai have already reached record levels.
Employees at a petrol Pump in Kolkata on Saturday, as the fuel prices remain at record high level.(PTI File Photo)
Employees at a petrol Pump in Kolkata on Saturday, as the fuel prices remain at record high level.(PTI File Photo)
Updated on May 27, 2018 05:57 PM IST
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Indo Asian News Service, New Delhi | ByIndo Asian News Service

Domestic petrol prices increased for the 14th consecutive day on Sunday, with the key transportation fuel being sold at 78.12 per litre in the national capital.

According to the data from oil marketing major IndianOil, petrol price rose to 78.12 in Delhi from 77.97 a litre on Saturday.

Along with Delhi, prices in Mumbai and Chennai have already reached record levels. In Mumbai and Chennai, petrol was sold at 85.93 and 81.11 a litre, respectively, up from 85.78 and 80.95 per litre on Saturday.

In addition, price in Kolkata inched up to 80.76, against 80.61 per litre on the previous day.

The surge in petrol prices is largely attributed to the recent rise in crude oil cost and the high excise duty levied on the particular fuel type in the country.

Diesel cost, which is already at record levels across the major cities, rose to 69.06, 71.61, 73.53 and 72.91 a litre on Sunday in Delhi, Kolkata, Mumbai and Chennai, respectively.

However, consumers can expect some relief as the Brent crude oil prices have eased to around $76 from $78 per barrel on Friday.

As per the country’s pricing mechanism, the domestic petrol prices are dependent on the international fuel price on a 15-day average.

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