Petrol, diesel prices hiked for the fourth straight day

New Delhi: Fuel ( Petrol and diesel) in prices were hiked for the fourth straight day across the country on Saturday. With a hike of Rs 0.35, the petrol prices climbed to Rs 107.24 per litre in New Delhi while the price of diesel was raised by the same amount to Rs 95.97 per litre, in the National capital.

In Mumbai, petrol price costs per litre stand at Rs 113.12 and diesel prices and Rs 104.00.  As for Kolkata and Chennai, petrol and diesel cost Rs 107.78 and Rs 99.08 respectively in Kolkata and Rs 104.22 and Rs 100.25 respectively in Chennai. Rates have been hiked across the country and differ from state to state depending on the incidence of value-added tax.

The rising fuel prices in the country are not going to come down immediately. The union government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.In fact, the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries. As crude oil prices rise internationally, as per reports, the petroleum ministry has called on the energy ministries of many countries like Saudi Arabia, Kuwait, UAE, Russia and others.


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