Petrol prices hiked yet again
New Delhi, Sep 1 (IBNS) : Petrol prices were hiked across the four major metros for the seventh consecutive day on Saturday.
According to reports, petrol is selling at a price of Rs. 78.68 per litre in Delhi, which is a hike of 16 paise over the price announced on Friday. In Mumbai, fuel price breached the Rs 86 mark, and was seen retailing at Rs 86.06 per litre.
Petrol is priced at Rs. 81.60 for one litre in Kolkata and Rs. 81.77 per litre in Chennai, data from IOC app showed. The revised rates are applicable from 6 am on September 1.
The surge in fuel prices is largely due to rise in the cost of crude oil and high excise duty levied on transportation fuel in the country. The Brent crude oil is currently priced around $76.68 per barrel.
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