Petrol, diesel continue to break records as prices rise for 9th consecutive day

Prices of petrol and diesel, already at unprecedented levels in the country, rose for the ninth consecutive day on Monday.

In the national capital, petrol was sold at Rs 79.15 per liter, up from Rs 78.84 on Sunday.

In Kolkata, Chennai, and Mumbai, the fuel was priced at Rs 82.06, Rs 82.24 and Rs 86.56 per liter respectively, all a new record, against Rs 81.76, Rs 81.92, Rs 86.25 on Sunday.

The surge in fuel prices is largely attributed to the rise in crude oil prices and high rate of excise duty in the country. Brent crude oil is currently priced over $78 per barrel.

The recent slump in the rupee also has lifted the import cost of crude oil, subsequently raising fuel prices.

On Monday, the key transportation fuel was sold at Rs 71.15, Rs 74, Rs 75.19 and Rs 75.54 per liter in Delhi, Kolkata, Chennai, and Mumbai respectively, up from Rs the previous levels of Rs 70.76, Rs 73.61, Rs 74.77 and Rs 75.12 per liter.

Diesel prices gain significance as the fuel is used in the transportation of farm products and a rise in the prices may push up inflation.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)