Petrol,diesel prices hiked again for sixth day

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Petrol and diesel prices hiked again for the sixth consecutive day on Tuesday. Today, petrol and diesel became costlier by 28-31 paise per litre across all major cities of the country.

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In the national capital Delhi, petrol is retailing at Rs 70.41 and diesel is priced at Rs 64.47 per litre as against Rs 70.13 and Rs 64.18 on Monday.

In Mumbai, petrol is sold at Rs 76.05, 28 paise higher than yesterday’s price of Rs 75.77 and diesel is retailing at Rs 67.49, 31 paise higher than monday’s price.

In Chennai, petrol prices increased by 29 paise to Rs 73.08 per litre and diesel is priced at Rs 68.09 per litre , 31 paise higher than Monday’s price.

In Kolkata, petrol is sold at Rs 72.52 per litre, increased by 28 paise and diesel is sold at Rs 66.24, 29 paise higher than Monday’s price.

Brent crude oil rates fell below $60 per barrel on Monday after Chinese data showed weakening imports and exports in the world’s biggest trading nation. Brent crude was trading 1.12 per cent lower at $59.89 per barrel today while the rupee was trading flat at 70.48 per dollar.

In India, retail fuel prices depend on both international oil rate and the rupee-dollar exchange rate. The price of petrol and diesel is dependent on the global rates of benchmark fuel and the rupee-US dollar exchange rate.

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