Petrol and diesel prices rose on Friday after 48 days of steady stagnation in both fuels. According to Indian Oil, a leading public sector oil marketing company, the price of diesel has been increased by 22 to 25 paise and petrol by 17 to 20 paise per liter in four major metros of the country. Diesel is costlier by 22 paise and petrol by 17 paise per liter in Delhi.
However, crude oil prices were softened in the international market after the US agreed to increase oil reserves last week and increase in production by OPEC members.
In the domestic market, the last revision in diesel price was on October 2, while the price of petrol was stable for the last 58 days. The price of petrol was last reduced by 7 to 8 paise per liter on 22 September.
According to Indian Oil, a leading oil marketing company, petrol in Delhi today was Rs 81.23 while diesel was Rs 70.68 per liter. In the commercial city of Mumbai, petrol reached Rs 87.92 per liter and diesel reached Rs 77.11 per liter. Petrol in Kolkata rose to Rs 82.79 per liter and diesel to Rs 74.24 per liter. Petrol in Chennai was priced at Rs 84.21 per liter and diesel Rs 76.17 per liter.
According to IOCL, today the price of petrol and diesel in the four major metros of the country is as follows.
(Price in Rs. Per liter ....)
City Diesel Petrol
Delhi 70.68 81.23
Mumbai 77.11 87.92
Kolkata 74.24 82.79
Chennai 76.17 84.31