Petrol prices rise for third straight day
New Delhi, Nov. 24 (IANS): Petrol prices rose for the third consecutive day in the national capital on Sunday. The price of diesel, however, declined for the second straight day following the daily revision of fuel rates.
Petrol price rose by 10 paise in Delhi, Kolkata and Mumbai and by 11 paise in Chennai while diesel became cheaper by 6 paise in delhi and Kolkata and by 7 paise in Mumbai and Chennai.
In the last three days, petrol became costlier by 34 paise in Delhi while diesel became cheaper by 11 paise in just two days.
According to the website of the Indian Oil Corporation, petrol was available in Delhi at INR 74.54 per litre, in Kolkata at INR 77.22 a litre, in Mumbai at INR 80.20 a litre and in Chennai at INR 77.49 a litre on Sunday.
Similarly, diesel prices across the four metropolitan cities are – INR 65.73 per litre in Delhi, INR 68.14 a litre in Kolkata, INR 68.94 a litre in Mumbai and INR 69.47 a litre in Chennai on Sunday.
As per the daily pricing mechanism, the retail prices of petrol and diesel are dependent on the global crude prices and the rupee-US dollar exchange rate as India imports almost 80 per cent of its crude oil requirements.