Oil marketing companies (OMCs) raised petrol prices in four metropolitan cities on Thursday while the rates of diesel were kept stagnant for second consecutive day. Petrol prices witnessed 6 paise a litre hike in Delhi, Mumbai and Kolkata. The rate was increased by 7 paise a litre in Chennai.
After the revision, a litre of petrol is selling at Rs 82.22 in Delhi, Rs 89.60 in Mumbai, Rs 85.48 in Chennai and Rs 84.07 in Kolkata. Fuel prices have risen almost everyday this month except September 5, September 12 and September 19.
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Diesel is selling at at a price of Rs 73.87 per litre in Delhi, Rs 78.42 per litre in Mumbai, Rs 78.10 per litre in Chennai and Rs 75.72 per litre in Kolkata, according to a price notification of state-owned fuel retailers.
The fuel prices increase is largely attributed to the recent rise in crude oil cost and the high excise duty levied on transportation fuel in the country. Depreciation in the Indian rupee against the US dollar also makes the import of crude oil expensive as transaction is done in dollars.