Fuel price continue to increase on sixth day, petrol up by 28 paise in Delhi, Mumbai

Fuel prices continued to increase for the sixth consecutive day on Tuesday with prices of petrol increasing by 28 paise in Delhi and Mumbai.

The petrol prices on Tuesday were revised to Rs 70.41 per litre in Delhi, Rs 76.05 per litre in Mumbai, Rs 72.52 per litre in Kolkata and 73.08 in Chennai.

Diesel which rose by 29 paise in Delhi and 31 paise in Mumbai was revised to Rs 64.47 per litre in Delhi and Rs 67.49 per litre in Mumbai, Rs 66.24 in Kolkata and Rs 68.09 in Chennai.

The prices of petrol on Monday were recorded at Rs 70.13 in Delhi, Rs 75.77 in Mumbai, Rs 72.24 in Kolkata and Rs 72.79 in Chennai.

While Diesel prices were recorded at Rs 64.18 per litre in Delhi, Rs 67.18  in Mumbai, Rs 65.95 in Kolkata and Rs 67.78 in Chennai.

Prior to this seventh 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.