Fuel prices up for 4th day, petrol at Rs 76.13/litre in Delhi


New Delhi, Jul 8 (IANS): Fuel prices across the four metro cities rose for the fourth straight day on Sunday caused by hardening of crude rates. due to resumption of US sanctions on Iran, after they had been declining for over a month.

Petrol prices in Delhi rose to Rs 76.13 per litre on Sunday, according to data on state-run Indian Oil Corp's website.

In the other major cities of Kolkata, Mumbai and Chennai, petrol was sold for Rs 78.80, Rs 83.52 and Rs 79.01 per litre on Sunday.

This rise comes after prices started to decline on May 30. Also, both the petrol and diesel prices were unchanged for nine days till June 4.

In tandem with the cost of petrol, diesel prices also registered a rise on Sunday for the fourth day in a row across the four metro cities.

In the national capital, diesel was sold at Rs 67.86 per litre.

In Kolkata, Mumbai and Chennai, the key transportation fuel sold at Rs 70.41, Rs 72 and Rs 71.63 per litre, respectively.

Since Wednesday, petrol prices have gone up by a cumulative 57-61 paise per litre and diesel rates raised by 48-51 paise per litre.

While the Organisation of Petroleum Exporting Countries' (OPEC) decision last month to raise production by nearly 1 million barrels per day led to a softening of international rates, the threat of sanctions on Iran after the US withdrawal from the nuclear deal with the Gulf nation, is again pushing prices.

According to oil marketing company officials here, the US is putting pressure on importers of Iranian oil like India and China to end all imports by November 4.

  

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Comment on this article

  • NN, NN

    Mon, Jul 09 2018

    Fuel price rise is due to global market condition i.e. due resumption of US sanctions on Iran. It is nothing to do with who is in power. Rates may fluctuate, depending on global market price for oil. Let's educate ourselves and be diligent in commenting.

    DisAgree [1] Agree Reply Report Abuse

  • kiran, Mangalore

    Sun, Jul 08 2018

    The taxation of petrol is such that when there is increase in petrol price, the center tax doesn't go up.
    as it is a fixed amount.
    However the states benefit more as the tax is not fixed but a percentage.
    In this price rise, karnataka govt made more money than the center.

    DisAgree [2] Agree Reply Report Abuse

  • Sunil K, Mangalore

    Sun, Jul 08 2018

    Up, up, up ... For a moment I thought the news was about our Stock Market.

    DisAgree Agree [1] Reply Report Abuse

  • Deva, Pilar

    Sun, Jul 08 2018

    Why none Protesting now??? shame ...

    DisAgree Agree [1] Reply Report Abuse

  • Amith, USA

    Sun, Jul 08 2018

    Why the Chaddis are not on Road ?????

    DisAgree Agree [3] Reply Report Abuse

  • Charles D'Mello, Pangala

    Sun, Jul 08 2018

    This is the first and the last time (If people understand) chance to BJP to loot common people. They will continue to loot till the announcement of next election. Before the election prices will be reduced for sure to lure the voters. If they come to power in the next term they will increase the prices and if they do not come to power they can blame the next Government for increasing the prices.

    DisAgree [1] Agree [16] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Sun, Jul 08 2018

    You are right Charles. In the name of welfare and Achche din BJPEE Govt only fooling poor middle class people of India.

    DisAgree Agree [17] Reply Report Abuse

  • geoffrey, hat hill

    Sun, Jul 08 2018

    Inching towards Koti Koti Nagesha's dream target of Rs 100/litre.

    DisAgree Agree [18] Reply Report Abuse

  • HENRY MiSQUITH, Bahrain

    Sun, Jul 08 2018

    BJP desperately needs money for 2019 elections

    DisAgree Agree [22] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Jul 08 2018

    We are fully FED UP ...

    DisAgree [2] Agree [20] Reply Report Abuse

  • Rehna, Mangalore

    Sun, Jul 08 2018

    Jossy you are fed up. But here the Bhakt’s have started disappearing as they too may feel the heat of the petrol and diesel hike.

    DisAgree Agree [1] Reply Report Abuse


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Title: Fuel prices up for 4th day, petrol at Rs 76.13/litre in Delhi



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