Petrol price moves up further, diesel rate a tad slower

Global cues pushed fuel prices to increase again across the country on Thursday, adding more misery to the common man already grappling with rising food prices amid shrinking income.
Petrol price moves up further, diesel rate a tad slower

NEW DELHI: Global cues pushed fuel prices to increase again across the country on Thursday, adding more misery to the common man already grappling with rising food prices amid shrinking income.

However, unlike uniform price movement earlier, oil marketing companies on Thursday continued with their practice adopted more than two months back to increase the price of petrol a tad higher than diesel offering some relief to the transport sector. Accordingly, while the price of petrol increased by 35 paise to Rs 101.54 a litre in Delhi, diesel prices increased by only 15 paise per litre to Rs 89.87 a litre in Delhi. Across the country as well, petrol prices increased in the range of 30-40 paise per litre, diesel prices also increased by 10-20 paise per litre.

Before Thursday, oil marketing companies had kept fuel prices unchanged for the past couple of days to get a sense of evolving global oil prices after news of two giant oil producers Saudi Arabia and UAE reaching some sort of agreement on production of oil by OPEC. In the city of Mumbai, where petrol prices crossed Rs 100-mark for the first time ever on May 29, the fuel price reached a new high of Rs 107.54 per litre on Monday. Diesel price in the city is also at Rs 97.45, the highest among metros. (IANS)

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