Petrol, diesel prices hiked again

New Delhi: Government oil marketing companies increased the price of petrol and diesel on Wednesday after five days due to which the petrol price in the commercial city of Mumbai crossed Rs 91 per litre — just 27 paise below the record price.
Petrol in Mumbai today has reached Rs 91.07 per litre, which is just 27 paise less than the record price of Rs 91.34 on October 4, 2018.
The oil companies increased the prices of both fuels on 06 and 07 January after prices remained stable for 29 days. On January 6 and 7, the petrol price was 49 paise, while that of diesel’s hiked by 51 paise.
On Wednesday, the price of petrol and diesel in the capital increased by 25 paise per litre. After this, petrol reached a new record level of Rs 84.45 in Delhi today. Diesel increased to Rs 74.63 per litre. On January 7, the price of petrol in Delhi reached a record Rs 84.20 per litre. Earlier on 4 October 2018, the price of petrol in the capital was at a record level of Rs 84 per litre.
In the international market, a strong trend in the price of crude oil was noticed in the new year. The Organisation of the Oil Exporting Countries (OPEC) has agreed to continue production cuts in March as well, which has boosted prices.
Today, petrol in Delhi has reached Rs 84.45 and diesel Rs 74.63 per litre and in Mumbai, petrol has reached Rs 91.07 litre and diesel Rs 81.34. Similarly in Kolkata, petrol has reached Rs 85.92 and diesel Rs 78.22 and in Chennai, petrol has reached Rs 87.18 and diesel Rs 79.95.