Petrol and diesel prices were raised marginally in top cities as rates were raised for the sixth day in a row amid firming global oil prices. Petrol prices were raised by 6-7 paise in top cities today while diesel prices went up by 7-8 paisa, according to Indian Oil, the country’s biggest oil retailer. Non-branded petrol today retailed at Rs 72.39 per litre in Delhi, Rs 75.12 in Kolkata, Rs 80.26 in Mumbai and Rs 75.07 in Chennai, according to Indian Oil’s website. Non-branded diesel retailed at Rs 62.96 per litre in Delhi, Rs 65.65 in Kolkata, Rs 67.05 in Mumbai and Rs 66.39 in Chennai, according to Indian Oil’s website. Petrol and diesel rates are revised with effect from 6 am every day.
Oil marketing companies adopted the daily price revision system from June last year. Besides global oil price and the rupee-dollar exchange rate, government levies also determine the final prices consumers pay at the pump. In top cities, petrol prices have gone up by close to Rs 2.5 per litre and diesel by nearly Rs 3.5 since the start of this year amid rising global oil prices.
Since January 1, petrol prices in Delhi are up by Rs 2.42 per litre in Delhi, Rs 2.4 in Kolkata, Rs 2.39 in Mumbai and Rs 2.54 in Chennai, according to Indian Oil’s website. Since January 1, diesel prices in Delhi are up by Rs 3.32 in Delhi, Rs 3.35 in Kolkata, Rs 3.78 in Mumbai and Rs 3.56 in Chennai.