OMCs Hike Prices of Petrol And Diesel Again
New Delhi The prices of petrol and diesel touched a record high on Sunday with State-owned Oil Marketing Companies (OMCs) increasing the price of both the essential fuels.
Petrol was selling at Rs 87.89 per litre and diesel at Rs 77.09 per litre in Mumbai, where fuel rate is the highest among all the metro cities.
In Delhi, petrol rose to a record high of Rs 80.50 a litre whereas Diesel was being sold at Rs 72.61.
In Kolkata, the price of petrol has been increased to Rs 83.39 per litre while the diesel price has gone up to Rs 75.46 per litre. Similarly, petrol was sold at Rs 83.66 per litre and diesel at Rs 76.75 per litre in Chennai.
It is being estimated that fuel prices will further go up as the rupee hit yet another all-time low of 72.12 against the U.S. dollar.
Notably, India imports about 80 per cent of its crude oil and the sharp depreciation in the value of rupee will make the imports costlier and lead to a rise in fuel prices.