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LATEST NEWS UPDATES | After elections, oil marketing firms hike petrol, diesel prices

After elections, oil marketing firms hike petrol, diesel prices

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published Published on May 21, 2019   modified Modified on May 21, 2019
-The Hindu

Petrol prices rise 8-10 p, diesel rates climb 15-16 p: IOCL data

State-owned oil marketing companies (OMCs) increased prices of petrol and diesel across the country on Monday, a day after the last phase of Lok Sabha polls concluded. This could mark the beginning of a rising trend in fuel prices as they are once again aligned to the rising global oil prices.

Petrol prices rose 8-10 paise, and diesel price increased 15-16 paise across major cities on Monday, according to data from Indian Oil Corporation (IOCL). In Mumbai, the price of petrol was increased to Rs.76.73 per litre from Rs.76.64 per litre on May 19, while in New Delhi, the price of petrol has been increased to Rs.71.12 from Rs.71.03. Similarly, a litre of diesel now costs Rs.69.27 per litre in Mumbai, while in Delhi, it costs Rs.66.11 per litre.

In Kolkata and Chennai, petrol rates jumped to Rs.73.19 and Rs.73.82 per litre respectively, while diesel stood at Rs.67.86 and Rs.69.88 per litre respectively.

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The Hindu, 20 May, 2019, https://www.thehindu.com/business/after-elections-oil-marketing-firms-hike-petrol-diesel-prices/article27189666.ece?homepage=true


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