Petrol, Diesel Prices Soar To New Record High

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Fuel rates touched a new record level on Friday after oil marketing companies (OMCs) hiked fuel prices by around 50 paise per litre, the steepest increase in prices since daily rate revision came into effect over 14 months back across all metros cities.

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According to the price announcement of state-owned fuel sellers, petrol is retailing at a price of Rs. 79.99 per litre in Delhi.

A litre of petrol is selling at Rs. 87.39 in Mumbai, Rs. 83.13 in Chennai and Rs. 82.88 in Kolkata. Today diesel can be purchased at the rate of Rs. 72.07 per litre in Delhi.

Diesel is selling at Rs. 76.51 per litre in Mumbai, Rs. 76.17 per litre in Chennai and Rs. 74.92 per litre in Kolkata.

On September 5, petrol and diesel rates have been on fire since mid-August, increasing almost every day due to a combination of a drop in rupee price and an increase in crude oil prices.

The fuel price hike is due to international issues and it has now become important to bring fuel under the purview of GST, Union Petroleum.

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