Fuel prices India: Rising trend continues

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New Delhi, Jun 29 (UNI) Fuel prices kept on rising and for the third consecutive day has registered an increase on Saturday.

Petrol prices were increased by 11-12 paise per litre while diesel rates rose by 10-11 p/l.

In Delhi petrol price was retailing at Rs 70.28 per litre, an 11 paise increase from Friday. Diesel stood at Rs 64.11 per litre, a 10 paise increase.

In Mumbai petrol price was valued at Rs 75.97 per litre, a 10 paise increase from yesterday’s rate. Diesel price stood at Rs 67.22 a litre, an 11 paise increase.

According to the Indian Oil Corporation, petrol was retailing at Rs 72.54 per litre in Kolkata, an 11 paise increase from yesterday while diesel costs Rs 66.03 a litre, a 10 paise rise.

Petrol in Chennai retailed at Rs 73.01 per litre while diesel costs Rs 67.81 a litre.

In Noida, petrol was available at a price of Rs 70.21 per litre and diesel stood at Rs 63.56 a litre.

While petrol in Gurugram was priced at Rs 70.74 a litre, diesel was being sold at Rs 63.65 p/l.

As per the country’s dynamic pricing mechanism, the Indian 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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