Petrol and Diesel prices rise again for second consecutive day

After being constant for a day on 5th June, the petrol and diesel prices increases again for two consecutive days in India. According to the oil marketing companies, the petrol and diesel prices got hiked by around 27-28 paisa per litre on June 7.

The state run oil marketing companies, Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) revises the fuel rates in the early morning around 6 am to keep International prices and Foreign stock exchange as the benchmark. Considering, the value added taxes (VAT) and transportation charges the prices of petrol and diesel varies from state to state.

On Monday, in the country’s capital the price of petrol surpassed Rs. 95 per litre mark. Petrol is priced at Rs. 95.37 and diesel costs Rs. 86.28 in Delhi.  In Mumbai, the price of petrol is marked at Rs. 101.47 per litre while diesel cost Rs. 93.64 per litre. In Chennai, the fuel was sold for Rs. 96.77 and for Rs. 95.34 in Kolkata, higher than the price on 6th June.

Succeeding, the 18 day hiatus observed during assembly elections, the prices of petrol and diesel increased for 16 times in the month of May. Since, 4th May this year it is the 21st surge in the price of petrol and diesel.

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