Petrol prices touch nearly five-year high
BY MPOST BUREAU21 April 2018 12:02 AM IST
MPOST BUREAU21 April 2018 5:35 AM IST
New Delhi: Petrol prices in Delhi touched a new high of Rs 74.08 per litre on Friday, the highest in nearly five years. Back in September 2013, the price had touched Rs 74.10 a litre. Other metro cities such as Kolkata, Mumbai and Chennai too witness new multi-year highs at Rs 76.78, Rs 81.93 and Rs 76.85 per litre respectively, the Indian Oil website said.
The previous highs in these cities were Rs 78.03 (Kolkata, August 2014), Rs 82.07 (Mumbai, March 2014) and Rs 76.93 (Chennai, July 2014).
Meanwhile, diesel prices also touched new record levels on Friday with prices in Delhi, Kolkata, Mumbai and Chennai at Rs 65.31, Rs 68.01, Rs 69.54 and Rs 68.90 per litre respectively.
The rise in petrol prices on Friday along with a surge in crude oil prices was due to the ongoing supply cut by the Organisation of the Petroleum Exporting Countries combined with a strong demand for crude oil.
Prices of transport fuels are now changed on a daily basis unlike the previous norm of fortnightly revision of prices.
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