Petrol, diesel prices at record highs; check latest fuel prices in major cities

Petrol, diesel prices at record highs; check latest fuel prices in major cities

Petrol, diesel prices hit another record high on Monday as the upward trend in fuel prices continued.

Petrol & Diesel prices in are Rs 83.73 per litre (increase by Rs 0.24) & Rs 75.09 per litre (increase by Rs 0.30), respectively. Petrol & Diesel prices in are Rs 91.08 per litre (increase by Rs 0.24) & Rs 79.72 per litre (increase by Rs 0.32), respectively.

Fuel prices have been witnessing a steep rise since the past few weeks. While the Opposition has blamed the union government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.

As per India’s pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the Indian rupee. It may be noted that Brent crude, a benchmark of international crude prices, is trading near a four-year high of $83 per barrel mark. The rupee has also depreciated nearly 12 per cent in this year so far.

-PTC News