Petrol price hiked

NEW DELHI, DEC 13 (AGENCIES) | Publish Date: 12/13/2018 11:10:41 AM IST

Even as crude oil rates have fallen by about 2% this week and 30% in the past two months, state-run fuel retailers increased petrol price today by 9-30 paise. This is the first increase in fuel prices in India since almost 2 months. In Delhi, petrol was sold at Rs. 70.29 per litre on Thursday, according to Indian Oil Corporation (IOC). The cost of petrol increased by 11 paise and 13 paise in Mumbai and Chennai respectively from Wednesday’s levels, to Rs. 75.91 and Rs. 72.94 per litre. However, in Kolkata, petrol price declined by 90 paise to Rs. 72.38, from Rs. 73.28 recorded on Wednesday. Diesel prices, which had increased at a greater pace than that of petrol this year, were left unchanged today. The increase in petrol prices come after the rate of the fuel declined over 15% in the last two months from the highs recorded in mid-October.



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