Fuel price
Petrol price hiked first time in 2 months as global prices reach a 3-yr high
New Delhi/IBNS: The state-run oil marketing companies (OMCs) increased the petrol price by 19 to 25 paise per litre across India on September 28 as international oil prices spiked to a three-year high.
The diesel price also hiked by 24 to 27 paise per litre -- the fourth increase since last week.
The petrol prices were hiked after July 17, according to a price notification by state-run oil companies, said a Money Control report.
In Maharashtra's capital, Mumbai, the petrol price increased by 21 paise to Rs 107.47 per litre on the day, while diesel price was raised by 27 paise to Rs 97.21 per litre.
In Delhi, petrol and diesel prices increased by 20 and 25 paise, respectively. This revised the retail price of petrol to Rs 101.39 per litre and of diesel to Rs 89.57 per litre.
The petrol price in Kolkata, too, witnessed a similar trend.
Diesel price increased by 25 paise in West Bengal’s capital and sold at Rs 92.67 per litre.
Chennai, the capital of southern state Tamil Nadu, also saw an increase of 19 paise in petrol prices, which revised its rate to Rs 99.15 per litre.
Diesel price also soared to Rs 94.17 per litre in Tamil Nadu’s capital, up 24 paise from the previous day.
Crude oil prices have reached a three-year high as global output disruptions forced energy companies to release more crude oil out of their reserve.
Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation are the three major oil marketing companies in India.
The state-run oil marketing companies review petrol and diesel rates daily and effect necessary changes to align the petroleum prices with the global benchmark and dollar-rupee exchange rate.
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