Petrol, Diesel Prices hiked again
Written by : SMTV24x7 | Fri, May 25, 2018, 06:51 PM
Mumbai, May 25: In a shocking news, The Fuel prices continued to increase for the 12th straight day today, with petrol and diesel prices hiked by 32 and 18 paise, respectively.
As per the Indian Oil CorporationNSE 4.84 % (IOCL), revised petrol prices in metropolitan cities are Delhi Rs 77.83 per litre; Mumbai 85.65; Kolkata 80.47 and Chennai 80.80; whereas diesel prices are: Delhi 68.75; Mumbai 73.2; Chennai 72.58; Kolkata 71.30.
The prices came into effect at 6 am today.
The domestic fuel prices are increasing as the crude oil price in the international market is continuously rallying upwards. In addition to it, the rupee is weakening against the US dollar, which has affected the rupee-dollar exchange rate, thus putting further burden on the prices here.
The opposition parties are lampooning the Centre for the hike, which has remained unstoppable since the conclusion of the Karnataka Assembly polls.