Petrol prices above Rs 75 per litre in New Delhi

Gladys Abbott
May 17, 2018

Diesel prices are now Rs66.57 in New Delhi, Rs69.11 in Kolkata, Rs70.88 in Mumbai and Rs70.25 in Chennai today. The motorists will feel the heat of the surge in fuel prices across the nation. Petrol prices, too, have been increased by 22-24 paise across Delhi, Mumbai, Kolkata and Chennai.

The fuel prices in India have hit an all-time high since 2013 in major metro cities. The government has no role in the fuel price hike except for the extra tax levied by respective state governments.

In Calcutta, petrol will cost Rs 77.50, up from Rs 77.32, a litre and diesel Rs 66.68, compared with Rs 66.63 earlier. A litre of diesel in Delhi will now cost ₹ 66.57, while in Mumbai, one litre of diesel now costs ₹ 70.88 in Mumbai.

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As of now, petrol price in Delhi is Rs 75.32 per litre after an increase of 22 paise since yesterday. At BPCL outlets, petrol was priced Rs. 79.35 and diesel Rs. 72.09.

Similarly, diesel and kerosene will each cost Rs 92 per litre within 15-kilometre distance in Kathmandu Valley and Rs 91.50 per litre in Dang and Pokhara respectively.

The price has been hiked as per the revised rates sent by the Indian Oil Corporation today. "At this moment, it's just a speculation and can't be confirmed", said a senior official with the Oil Marketing Companies (OMC)."Any pricing matter is decided by the oil industry pricing group", added the official. The deferred loss from last month will now be included in their month's fuel price hike adjustment.

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