 "Petrol prices hit Rs 73 per litre in Delhi, highest since July 2014")
Petrol prices approached a three-and-a-half-year high in Delhi on Thursday at Rs 73.05 per litre.
The previous high in the national capital was Rs 73.60 a litre in July 2014, data from the Indian Oil Corp showed.
On Wednesday, price of petrol in the city was Rs 72.92 per litre.
In the other key metros of Kolkata, Mumbai and Chennai, petrol prices reached landmark levels on Thursday with prices at Rs 75.74, Rs 80.91 and Rs 75.77 per litre.
The previous highs in the cities were Rs 76.14 (Kolkata, August 2014), Rs 81.75 (Mumbai, July 2014) and Rs 75.78 (Chennai, August 2014).
On Wednesday, prices were at Rs 75.62, Rs 80.79 and 75.63 per litre in Kolkata, Mumbai and Chennai respectively.
Similarly, diesel prices have been hitting record levels every day for almost two weeks now. The trend continued on Thursday.
In Delhi, diesel was sold at Rs 64.11 per litre. In Kolkata, Mumbai and Chennai, the fuel was priced at Rs 66.78, Rs 68.27 and Rs 67.62 per litre respectively.
On Wednesday, prices of diesel were at Rs 64.00 (Delhi), Rs 66.67 (Kolkata), Rs 68.25 (Mumbai) and Rs 67.50 (Chennai) per litre.
Global and domestic factors have spiked the fuel prices. Production curbs by the Organisation of the Petroleum Exporting Countries and high demand have led to the surge. On Thursday, price of the Brent crude oil was around $69 per barrel.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app