Petrol, diesel prices rise for 7th consecutive day

Petrol, diesel prices rise for 7th consecutive day

New Delhi, February 15, 2021

Petrol and diesel prices maintained a northward rally on Monday, the seventh consecutive day when the retail prices have risen across the country, with oil on the boil in global markets and both crude and product prices seeing a big spike.

Accordingly, oil marketing companies raised the pump price of diesel by a high level of 29 paise per litre and petrol by another 26 paise per litre in Delhi.

With this increase, petrol is now priced at Rs 88.99 a litre and diesel Rs 79.35 a litre in the national capital.

In the last seven days, the price has gone up by Rs 2.06 per litre for petrol while the diesel rate has risen by Rs 2.56 a litre.

Across the country as well, the petrol price increase ranged from 23-26 paise per litre and diesel price 28-30 paise per litre depending on the level of local taxes on the two petroleum products.

In Mumbai, petrol price is just Rs 4 per litre short (Rs 95.46 a litre) of touching three digit mark of Rs 100 per litre for the very first time anywhere in the country. Diesel price in the city is closing on Rs 90 a litre (Rs 86.34 a litre). In all other metros, petrol is over Rs 90 a litre mark while diesel is well over Rs 80 a litre, barring Delhi

The increase on Monday has followed the firming global oil prices (both product and crude) that have maintained a record streak of gains in the past few days with crude reaching close to $ 63.5 a barrel (single day gain over 2 per cent).

IANS

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