Road drive can heavier on your pocket, fuel prices hiked across major metropolitan

Feb 14 2019 10:52 AM
Road drive can heavier on your pocket, fuel prices hiked across major metropolitan

New Delhi: On Thursday After a gap of two consecutive days, state-controlled oil marketing companies hiked retail fuel prices. After today's rate revision, petrol became dearer by 6 while diesel price was raised by 5 paise per litre across metropolitan major of the country. In Delhi, petrol price peaked to Rs 70.39 a litre as against Rs 70.33 on Wednesday while diesel price went up to Rs 65.67 per litre as compared to Rs 65.62 on Wednesday.

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In metropolitan cities , Citizens in Mumbai have to shell out Rs 76.03 for a litre of petrol following a 6 paise increase over Wednesday’s rate. A litre of diesel costs Rs 68.76 in Mumbai, 5 higher than yesterday's rate of Rs 68.71. Retail petrol price in Kolkata was increased by 6 paise to Rs 72.50, from Rs 72.44 recorded on Wednesday. Diesel prices too have been raised by 5 from yesterday’s rate price of Rs 67.40 a litre. In Chennai, petrol is retailing at Rs 73.06 while diesel price was hiked by 5 paise to Rs 69.37 a litre, according to data from Indian Oil Corporation website. In Noida, petrol price went up 5 paise to Rs 70.30 as compared to Rs 70.25 on Wednesday and diesel price increased to Rs 64.89.

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It is worth mentioning here is that that retail petrol and diesel in India depend on both international oil price and the rupee-dollar exchange rate. In the international oil market, crude prices went higher on Thursday amid expectations that likely progress in the latest US-China tariff talks would improve the global economic outlook. In International Brent crude oil futures in the last session was up 1.9 per cent, at USD 63.98 a barrel.

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