INSUBCONTINENT EXCLUSIVE:
Diesel can be purchased today at Rs
69.93 per litre in Delhi.Diesel prices hit a record new high in four metros across the country on Thursday
Oil Marketing Companies (OMCs) marginally increased the prices of both petrol and diesel today
The rates were also increased on Wednesday
The surge in fuel prices is largely attributed to the recent rise in crude oil cost and the high excise duty levied on transportation fuel
Fuel rates have been on the rise since August 16 after the rupee dipped to its lowest value against the US dollar
The domestic unit hit a new record low of 70.82 today.Diesel can be purchased today at Rs
Diesel can be bought at Rs
74.24 per litre in Mumbai, Rs
72.78 per litre in Kolkata and Rs
73.88 per litre in Chennai, according to daily price notification issued by state-owned oil firms.Petrol is retailing at a price of Rs
78.30 per litre in Delhi today
In Mumbai, petrol is retailing at Rs.85.72 per litre in Mumbai
81.23 per litre in Kolkata and Rs
81.35 per litre in Chennai
Fuel is cheapest in Delhi among all metros and most state capitals due to lower sales tax or VAT (Value Added Tax).Diesel prices this week
hit their highest level, crossing the previous peak of Rs 69.31 a litre reached on May 29
Petrol rates are however yet to hit the new record high of May 29, when they touched Rs 78.43 a litre in Delhi.With petrol and diesel prices
going up by almost a rupee per litre within a fortnight, the government on Wednesday hoped that the rally in global rates is temporary and
the previous session on a fall in United States crude inventories and expected disruptions to supply from Iran and Venezuela
