Fuel prices at record high after petrol, diesel prices in India hiked again

Petrol, Diesel prices in India rise again after a two-day pause

In a continuous setback to the common man, petrol and diesel prices in India were increased by Oil Marketing Companies (OMCs) once again on Thursday taking the rates to new record highs.

The petrol and diesel prices were raised by Rs 0.35 and will be sold at Rs 106.54 per litre and Rs 95.27 per litre, respectively, in Delhi.

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In Mumbai, the petrol price stands at Rs 112.44 per litre while diesel would be sold at Rs 103.26 per litre. In Kolkata, the petrol will be sold at Rs. 107.12 per litre and diesel will be sold at Rs. 98.38 per litre.

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The prices in Chennai stands at Rs. 103.61per litre for petrol and Rs. 99.50 per litre for Diesel.

The rising prices of petrol and diesel in India are not going to come down immediately. The central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.

On Monday, it was reported that the Ministry of Petroleum and Natural Gas has recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries.

“As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others,” the report added.

-PTC News