Fuel prices continue to rise on fifth consecutive day, petrol crosses Rs 70 in Delhi

Representative Image. Photograph:( Zee News Network )

WION Web Team New Delhi, Delhi, India Jan 14, 2019, 07.43 AM (IST)

Fuel prices continued to increase for the fifth consecutive day on Monday with prices of petrol crossing over Rs 70 in Delhi.

While petrol witnessed an increase of 38 paise in Delhi and Mumbai, prices of diesel rose by 49 paise in Delhi and 52 paise in Mumbai.

The prices of petrol on Monday were revised to Rs 70.13 per litre in Delhi, Rs 75.77 per litre in Mumbai, Rs 72.24 per litre in Kolkata and 72.79 in Chennai.

Diesel prices were revised to Rs 64.18 per litre in Delhi, Rs 67.18 per litre in Mumbai, Rs 65.95 in Kolkata and Rs 67.78 in Chennai.

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The prices of petrol on Sunday were recorded at Rs 69.75 in Delhi, Rs 75.39 in Mumbai, Rs 71.87 in Kolkata and Rs 72.39 in Chennai.

While Diesel prices were recorded at Rs 63.69 per litre, Rs 66.66 in Mumbai, Rs 65.46 in Kolkata and Rs 67.25 in Chennai.

Prior to this sixth increase of 2019, rates had cooled to a year low of Rs 68.29 for petrol and Rs 62.16 in case of diesel.

Petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai on October 4. Diesel on that day had peaked to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai.

Prices had started to climb from August 16.

After the consistent rise, the government decided to cut excise duty on petrol and diesel by Rs 1.50 per litre each and asked state-owned fuel retailers to subsidise the price by another Re 1 a litre by reducing their margins.

The prices also reduced due to the falling international prices and the appreciation of the money.

(With inputs from agencies)

Story highlights

While petrol witnessed an increase of 38 paise in Delhi and Mumbai, prices of diesel rose by 49 paise in Delhi and 52 paise in Mumbai.