New Delhi, April 14 (IANS): Domestic fuel prices rose slightly on Sunday with petrol price increasing by 6 paise across the metro cities and the cost of diesel by 7 paise, according to data from Indian Oil Corporation.
In the national capital, petrol was sold for INR 72.92 per litre, against the Saturday’s level of INR 72.86 per litre.
Price of the fuel in Mumbai, Kolkata and Chennai was recorded at INR 74.94, INR 78.49 and INR 75.68, respectively, on Sunday, higher than the previous levels of INR 74.88, INR 78.43 and INR 75.62 per litre.
The price hike comes after the rates were unchanged on Saturday. The increase in fuel prices off late, however, has been subdued in proportion to the recent surge in global crude oil prices, and experts say it is the ongoing general elections which has made the state-run oil companies to put the dynamic pricing policy on hold for now, fearing a public backlash.
Fuel prices in the country are based on a 15-day average of global crude prices and the rupee-US dollar exchange rate. Currently, the benchmark Brent crude oil is priced around $71.5 per barrel.
Diesel prices too increased on Sunday in tandem with petrol prices. In Delhi, Kolkata and Chennai, the cost of diesel increased by 7 paise to INR 66.26, INR 68 and INR 69.96.
In Mumbai, the fuel was sold for INR 69.35 per litre, higher by 8 paise from Saturday.
