Fuel prices hiked for fourth straight day

DIMAPUR, MAY 26 (NPN) | Publish Date: 5/26/2019 11:09:05 AM IST

Petrol and diesel prices were increased on Sunday for the fourth consecutive day. 

After the daily revision in retail fuel prices, petrol prices in all the metro cities raised by 13-14 paise a litre while diesel became costlier by 7-8 paise. In the national capital Delhi, petrol prices rose to Rs 71.67 a litre against Rs 71.53 a litre on Saturday while diesel price climbed to Rs 66.64 per litre as compared to Rs 66.57 per litre on Saturday, as per data from Indian Oil Corporation website.

Meanwhile in Dimapur, petrol price was hiked to Rs. 69.36 as compared to Rs. 69.23on Saturday and diesel was hiked by 7 paise costing Rs. 64.08 per litre.

In Kohima, petrol cost Rs. 70.17 per litre, a hike by 14 paise and diesel was hiked by 7 paise costing Rs. 64.69 per litre on Sunday.

The fuel price is dependent on the global crude oil prices, rupee to US dollar exchange rate, global cues, fuel demand, etc. Fuel price includes excise duty, value-added tax (VAT) and dealer commission. VAT varies from state to state. India imports 80 per cent of its crude requirements.

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