New Delhi: Two days after Karnataka Polls, fuel prices were hiked on Monday after a gap of 19-days. Petrol in Delhi is at a 56-month peak and the price of diesel has crossed Rs. 66 a litre for the first time, to a new all-time high.
Petrol prices are up by 17 paise a litre in Delhi and Mumbai, and 18 paise a litre in Kolkata and Chennai.
Diesel prices have been raised by 21 paise a litre in Delhi, 5 paise in Kolkata, and 23 paise in Mumbai and Chennai, according to Indian Oil’s website – iocl.com.
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Currently, petrol and diesel prices are reviewed on a daily basis, and the rates are implemented in fuel stations with effect from 6 am every morning. That is part of a new system of price revisions adopted by state-run oil marketing companies in June 2017.
Reportedly, so far this year, petrol prices have risen by Rs. 4.83 per litre in Delhi, Rs. 4.78 per litre in Kolkata, Rs. 4.78 per litre in Mumbai and Rs. 5.08 per litre in Chennai, data from Indian Oil showed. Diesel prices have gone up by Rs. 6.5 per litre, Rs. 6.38 per litre, Rs. 7.16 per litre and Rs. 6.96 per litre respectively.