TIL Desk/Business/New Delhi/ Petrol prices rose for the fifth consecutive day on Monday to Rs 74.50 per litre in New Delhi, even as global crude oil cost dipped somewhat due to international factors.
According to the data on Indian Oil Corp’s website, petrol price in New Delhi was the highest in nearly five years and became dearer by 10 paise from Sunday’s cost of Rs 74.40 per litre. In September 2013, the price had touched Rs 76.06 a litre in the national capital.
In Kolkata, Mumbai and Chennai too, prices climbed to new multi-year highs at Rs 77.20, Rs 82.35 and Rs 77.29 per litre respectively on Monday. The previous highs in these cities were Rs 78.03 (Kolkata, August 2014), Rs 83.62 (Mumbai, September 2013) and Rs 77.48 (Chennai, September 2013).
Besides petrol, diesel prices, too, touched fresh record levels on Monday in Delhi, Kolkata, Mumbai and Chennai. They rose to Rs 65.75, Rs 68.45, Rs 71.01 and Rs 69.37 per litre respectively. Transportation fuel costs have been on the rise due to the recent surge in global crude oil prices.
On Monday, Brent crude was priced around $74 per barrel whereas it cost over $100 a barrel in 2013. Prices of transport fuels are now changed on a daily basis unlike the previous norm of fortnightly revision of prices.
