Petrol, Diesel prices rise again: Check today's rates in metro cities
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Both petrol and diesel prices hiked for the first time since October 16, by 19-20 paise & 9 paise respectively, across 4 major cities.
On a downswing for the last two months, petrol and diesel prices once again increased on Monday by 19 paise in New Delhi.
Both petrol and diesel prices hiked for the first time since October 16, by 19-20 paise & 9 paise respectively, across 4 major cities.
| City | Petrol (Rs/Litre) | Diesel (Rs/Litre) |
| Delhi | 70.53 | 64.47 |
| Mumbai | 76.15 | 67.47 |
| Kolkata | 72.62 | 66.23 |
| Chennai | 73.19 | 68.07 |
After reaching a record high on of Rs 84 on October 4 in Delhi, petrol was at its lowest price in December in this financial year.
What also contributed to the slump is a cut of Rs 1.5 in excise duty and a Rs 2.5 cut in sales tax or VAT in several states.
Besides, oil retailers were also asked to bear a loss of Re 1 on every litre of fuel sold in India.
In India, fuel prices are deregulated, which means that oil companies decide the price of oil based on market factors. Crude oil price and the value of the rupee against the dollar are two most significant factors that impact fuel prices.
(With inputs from agencies)