Fuel prices rise for second day on Tuesday

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New Delhi, May 21 (UNI) Fuel prices again witnessed an upward trend on Tuesday.

Ffuel price in mumbaifuel price in mumbaiuel price in Delhi, petrol retails at Rs 71.17 per litre, a five paise increase from yesterday’s Rs 71.12 per litre while diesel costs Rs 66.20 a litre as against Rs 66.11 per litre on Monday.

Fuel price in Mumbai, people have to shell out Rs 76.78 per litre while diesel retails at Rs 69.36 a litre.

According to Indian Oil Corporation website, petrol and diesel cost Rs 73.24 p/litre and Rs 67.96 a litre in Kolkata.

Similarly, in Chennai, petrol is retailing at Rs 73.87 per litre and diesel costs Rs 69.97 a litre.

In Noida, petrol is available at a price of Rs 70.90 per litre and diesel costs Rs 65.33 a litre.

In Gurugram, petrol is being sold for Rs 71.41 a litre and diesel Rs 65.42 per litre.

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 it used to be revised every fortnight.

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