Fuel prices continue to rise for 14th consecutive day

State-run oil marketing companies increased prices of petrol and diesel for the fourteenth day in a row, even as the Narendra Modi government said it would formulate a policy to shield consumers from rising fuel prices.

The revised petrol prices in metropolitan cities are- Delhi: Rs 78.12 per litre Mumbai: 85.93 Kolkata: 80.76 and Chennai: 81.11.

Meanwhile, the cost of diesel per litre has been increased to 69.06 in Delhi: 68.90 71.61 in Kolkata, 73.53 in Mumbai and 72.91 in Chennai.

As the Centre has come under fire over fuel price hike, Union Petroleum and Natural Gas Minister Dharmendra Pradhan earlier assured the public that the government will soon take out a solution to tackle the situation.

He further pointed out that less production of oil in the Organization of the Petroleum Exporting Countries (OPEC) and hike in crude oil price in the international market are some of the factors affecting the fuel price.

(With inputs from ANI)