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Fuel price hike: Diesel hits record high of Rs 69.46 a litre, petrol inches towards Rs 78

Fuel price hike: Diesel hits record high of Rs 69.46 a litre, petrol inches towards Rs 78

Mangalore Today News Network

New Delhi, Aug 27, 2018 : The price of petrol in New Delhi rose by 13 paise on Monday and that of diesel by 14 paise. The price of petrol increased to Rs 77.91 per litre while a litre of diesel now costs Rs 69.46.


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In Mumbai, petrol cost Rs 85.33 per litre, an increase of 13 paise. Diesel cost Rs 73.74 per litre, up 15 paise. The fall in the rupee, which has made imports costlier, has affected fuel prices.

Diesel prices touched an all-time high on Monday. The last time diesel and petrol prices reached record highs was on May 29, according to PTI. However, petrol prices were lower on Monday than on May 29, when it had cost Rs 78.43 a litre in Delhi and Rs 86.24 in Mumbai.

In Kolkata, petrol cost Rs 80.84 per litre, one paisa higher than on Sunday. Diesel cost Rs 72.31 per litre, four paise more than on Sunday. Petrol prices increased by 14 paise from Rs 80.80 per litre on Sunday to Rs 80.94 per litre in Chennai on Monday. Diesel prices rose from Rs 73.23 to Rs 73.38.

Petrol and diesel prices have been rising since the rupee touched a record low against the United States dollar on August 16, closing at 70.32. The rupee closed at 70.16 against the dollar on Monday. Petrol prices have risen by Rs 0.77 a litre in Delhi in last 12 days while diesel rates have gone up by Rs 0.74 per litre.

State owned oil firms began the daily revision of fuel prices on June 15, 2017, abandoning a system that modified these prices on the first and 16th of every month.

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