Fuel prices rise by over Rs 4/litre since resumption of daily revision

Fuel prices rise by over Rs 4/litre since resumption of daily revision

New Delhi, June 14, 2020

Fuel prices recorded their eighth consecutive hike on Sunday, taking the total increase since the resumption of the dynamic price revision system to more than Rs 4 per litre.

In the national capital, the price of petrol rose by 62 paise on Sunday to Rs 75.78 per litre, and that of diesel by 64 paise to Rs 74.03 per litre.

Since the dynamic price revision resumed on June 7, prices of petrol and diesel have increased by Rs 4.52 and Rs 4.64 per litre, respectively.

Fuel prices in the other metro cities have also increased on similar lines since the oil marketing companies (OMC) resumed the dynamic pricing system for daily revision of fuel prices after over 83 days of break during the nationwide lockdown imposed from March 25 to contain the spread of the coronavirus (COVID-19) pandemic.

In Mumbai, Chennai and Kolkata, petrol was priced at Rs 82.70, Rs 79.53 and Rs 77.64, higher from Rs 82.10, Rs 78.99 and Rs 77.05 per litre, respectively.

Diesel prices in these cities were Rs 72.64 (Mumbai), Rs 72.18 (Chennai) and Rs 69.80 (Kolkata), compared with Rs 72.03, Rs 71.64 and Rs 69.23, respectively, on Saturday.

The increase in prices varies across metros, depending on the tax structure on products in various states.

IANS

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