Reportedly petrol and diesel prices are up again petrol by 7-8 paise and diesel by 9-10 paise, according to data from Indian Oil Corporation. As per report petrol is selling at Rs 74.42 a litre, while diesel price rose to Rs 67.33 a litre in delhi on Monday even as international crude oil prices stabilized after the drone attack on Saudi oil facilities earlier this month.
Meanwhile petrol prices rose to Rs 77.10 a litre in Kolkata, Rs 80.08 a litre in mumbai and Rs 77.36 a litre in Chennai. Furthermore it was stated that diesel prices rose to Rs 69.75 a litre in Kolkata, Rs 70.64 a litre in mumbai and Rs 71.19 a litre in Chennai. Petrol price has gone up by Rs 2.25 a litre while that of diesel by Rs 1.75 a litre since September 17 after the drone attacks on Saudi oil facilities on September 13.
Moreover the fuel prices are revised on a daily basis in India. Perhaps when international crude oil prices rise, prices in india also go up. Also other factors like rupee to US dollar exchange rate, cost of crude oil, global cues and demand also impact the price of fuel.
