New Delhi: Petrol and diesel prices continue to touch another peak for the 15th consecutive day, with the key transportation fuel being sold at Rs 78. 27 per litre in Delhi.
The price of Petrol has peaked at record levels in other metro cities too, including Rs 86.05 per litre in Mumbai, Rs 81.26 in Chennai and Rs 80.91 per litre in Kolkata. Price of every litre of non-branded diesel has also peaked at Rs 73.64 in Mumbai, Rs 73.03 in Chennai and Rs 71.72 in Kolkata.
Meanwhile, the cost of diesel per liter has also been increased and the revised prices in Delhi are – Rs 69.17 and Mumbai Rs 73.64 per litre.
Oil minister Pradhan had last week attributed the fuel price hike to production cuts initiated by Organization of Petroleum Exporting Countries (OPEC) and told media that the government is working on a solution to provide respite to consumers.
Indian Oil Corp (IOC), the country’s largest fuel retailer, has since 14 May increased petrol prices by Rs 3.64 per litre and has hiked diesel prices by Rs 3.24 per litre in the national capital. Prices have peaked across the country, fuelling speculations the ruling Bharatiya Janata Party (BJP) government may be mulling an excise duty cut for auto fuels.
BJP President Amit Shah had last week said the government is taking the issue of rising fuel prices seriously and will soon announce measures to deal with the matter. Both IOC and HPCL have said the government has not called any meeting to discuss the fuel price issue.