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Petrol prices in Delhi at 3-year high; diesel at record level

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  24 Jan 2018 12:00 AM GMT

New Delhi, Jan 23: A rally in global crude oil prices pushed petrol prices in the tiol capital to an over three-year high level on Tuesday.

Petrol prices rose to the over three-year high level of Rs 72.23 per litre on Tuesday from Monday’s Rs 72.08 per litre.

According to data from IndianOil, the previous high for petrol prices in Delhi was Rs 72.51 a litre reported on July 1, 2014.

In the other key metro cities of Mumbai and Kolkata and Cheni, petrol was priced at Rs 80.10 per litre, Rs 74.94 and Rs 74.91 respectively.

The previous highs in Mumbai and Kolkata and Cheni were Rs 80.60 (August 2014), Rs 75.46 (October 2014) and Rs 74.91 (August 2014) respectively.

Similarly, there was an appreciation in diesel prices throughout metro cities. On Tuesday, prices of diesel in Delhi, Kolkata and Cheni touched record highs of Rs 63.01 per litre, 65.67 and Rs 66.44 respectively. In Mumbai, diesel was sold at Rs 67.10 per litre — the highest level since August 2014 when it was priced at Rs 67.26 a litre.

The rise in diesel prices across several metros assumes significance as the fuel is the mainstay of the transportation sector and will have a consequent upward effect on inflation.

Several factors like production curbs by the Organization of the Petroleum Exporting Countries and high demand have led to a surge in crude oil prices to a three-year high. As on January 23, Brent crude oil prices hovered around $70 a barrel. (IANS)

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