Fuel prices: Petrol and diesel on upward trend

New Delhi, July 1 (UNI) Petrol and diesel prices have registered an increase of 7 to 8 paise per litre on Monday.

Petrol rates were increased by 4 to 7 paise per litre while diesel rose by 7- 8 p/l.

In Delhi, petrol was retailing at Rs 70.44 per litre, a 7 paise rise from Sunday. Diesel stood at Rs 64.27 per litre, a 8 paise increase.

In Mumbai, while petrol was valued at Rs 76.11 per litre, a 5 paise increase from yesterday’s rate.

Diesel price stood at Rs 67.36 a litre, a 6 paise increase.

According to the Indian Oil Corporation data, petrol was retailing at Rs 72.67 per litre in Kolkata, a 4 paise increase from yesterday while diesel costs Rs 66.16 a litre, a 5 paise rise.

Petrol in Chennai retailed at Rs 73.15 per litre while diesel costs Rs 67.96 a litre.

In Noida, petrol was available at a price of Rs 70.32 per litre and diesel stood at Rs 63.67 a litre.

While petrol in Gurugram was priced at Rs 70.84 a litre, diesel was being sold at Rs 63.76 p/l.

As per the country’s dynamic pricing mechanism, the domestic fuel prices depend upon International fuel prices on a 15-day average and the value of the rupee.

The price of the two fuels retailing at the petrol pumps is calculated after adding central excise duty, dealers commission and value-added tax (VAT) to the base price.

The prices are revised at 0600 hrs daily, while earlier, they used to be revised every fortnight.


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