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Petrol, diesel prices rises for 10th consecutive day

Tuesday,04 Sep 2018

Petrol and diesel prices rose for the 10th consecutive day on Tuesday, pinching people’s pockets across India and providing ammunition to opponents of the Prime Minister Narendra Modi’s government, reports Hindustan Times.

Petrol is priced at Rs 79.31 per litre and Rs 86.72 per litre in Delhi and Mumbai. Petrol prices in Kolkata and Chennai are Rs 82.22 per litre and Rs 82.41 per litre.

Diesel is priced at Rs 71.34 in Delhi, Rs 74.19 in Kolkata, Rs 75.74 in Mumbai and Rs 75.39 in Chennai, reports Hindustan Times.

Petrol and diesel prices in Delhi have increased by 13% and 19% this calendar year so far. With expectations of further tightening in oil prices due to a mix of factors such as declining inventories in the US, and Iran sanctions coming into place, the trend of rising petroleum prices is likely to continue.

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