Petrol price rise for 6th consecutive day, crude also up

New Delhi, Aug. 25 (IANS): Petrol prices have been on the rise for the sixth consecutive day on Tuesday, while diesel held on to its price line that it has maintained since July 30.

In the international market, crude price has also remained firm hovering over $ 45 a barrel.

State-owned oil marketing companies increased the price of petrol by 11 paisa per litre in Delhi, Mumbai and Kolkata on Tuesday while the price rose by nine paisa in Chennai.

According to the IndianOil website, petrol prices in Delhi, Kolkata, Mumbai and Chennai increased to INR 81.73, 83.24, 88.39, 84.73 per litre respectively. However, diesel prices are holding steady in these metros at INR 73.56, INR 77.06, INR 80.11 and INR 78.86 per litre.

Petrol prices have now risen in nine of the last 10 days and in the national capital, it is now expensive by INR 1.30 a litre during the period. Benchmark Brent crude has remained firm and contracts for November delivery on intercontinental exchange has risen to $ 45.75 a barrel. The US WTI crude is also holding up — over $ 42 a barrel.