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Petrol, diesel prices go up on Sunday

IANS  |  New Delhi 

Transport fuel rates continued to increase on Sunday in tandem with global crude prices, which have been rising following the implementation of output cuts by from January 1.

State-run companies (OMCs) increased petrol prices by 13 paise per litre and diesel prices by 14-15 paise across the four metros, as per data from the

Petrol price in was increased to Rs 72.07 per litre on Sunday, while in Kolkata, and the fuel cost was Rs 77.70, Rs 74.16 and Rs 74.84, respectively.

Similarly, the price of diesel in the national capital went up to Rs 67.41 per litre. In Kolkata, and Chennai, diesel sold at Rs 69.20, Rs 70.62 and Rs 71.24 a litre, respectively.

Petrol and diesel prices have increased by more than Rs 4 per litre as the crude rates have been rising from January onwards after a prolonged period of fall.

As products fall outside the ambit of the goods and services tax (GST) and prices vary due to local taxes.

As per the dynamic pricing mechanism, domestic fuel prices depend upon international fuel rates on a 15-day average and the value of the rupee.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, March 03 2019. 20:10 IST
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