Fuel price hike continues; petrol at Rs 81.28 in Delhi

Domestic fuel prices continued their upward movement on Friday and touched fresh record levels in three of the four metro cities.

In the national capital petrol price rose by 28 paise, to a fresh record high of Rs 81.28 on Friday, from the previous level of Rs 81 per litre, data from the Indian Oil Corp's website showed.

Price of the fuel in the other key cities of Mumbai and Chennai also rose to new record levels of 88.67 and Rs 84.49 respectively, up from Rs 88.39 and Rs 84.19 per litre on Thursday.

In Kolkata, petrol was sold at Rs 83.14 on Friday, against the previous close of Rs 82.87. The record level in the West Bengal capital is Rs 83.75 per litre, touched on Tuesday.

Transportation fuel prices have been on the rise for over a month now on the back of high crude oil prices and a weak rupee. Depreciation in the rupee against the US dollar makes the import of crude oil dearer as transaction takes place with dollars.

The Brent crude oil is currently priced over $78 per barrel.

In tandem with petrol prices, cost of diesel also scaled new highs. In Delhi, Mumbai and Chennai, price of the fuel rose to Rs 73.30, Rs 77.82 and Rs 77.49 per litre, from the Thursday's levels of Rs 73.08, Rs 77.58 and Rs 77.25 per litre.

Diesel price in Kolkata rose to Rs 75.15, from the previous Rs 74.93 per litre. The all-time high price of diesel in the city is Rs 75.82 per litre, recorded on Tuesday.

--IANS

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