The prices of petrol and diesel have been increased for the second consecutive day on Monday. Reportedly, the development took place after the country’s key state-owned oil marketing companies (OMCs) started the daily revision of prices after a gap of 83 days.
According to the data available with the Indian Oil Corporation (IOC), the price of petrol per litre has been increased by 60 paise to Rs 72.46, while diesel price has been increased by 60 paise to Rs 70.59.
Earlier on Sunday, the price of petrol and diesel were increased by 60 paise to Rs 71.86 and Rs 69.99 respectively in Delhi.
As per the report, the petrol per litre was quoted at Rs 79.49, while diesel per litre was noted at Rs 69.37 on Monday in Mumbai. Likewise in Kolkata, the petrol price was quoted at Rs 74.46, while the price of diesel per litre was at Rs 66.71. In Chennai, the petrol price was reported at Rs 76.60 and diesel at Rs 69.25 per litre.
The OMCs had not announced any changes in the base prices of petrol and diesel since the mid of March. However, the state governments and Union Territories had announced a raise in the value-added tax. Likewise, the central government had announced a rise in excise duty during the past months that led to a rise in the retail prices of the key automobile fuels.