Petrol price hiked for sixth consecutive day, diesel remains unchanged
Photo Credit: ANI

The petrol price was hiked for sixth consecutive day on Tuesday, while diesel prices remained unchanged since July 30.

The petrol price was hiked by 11 paise per litre in Delhi, Mumbai and Kolkata on Tuesday while the price rose by nine paise in Chennai.

Accordingly, in Delhi, the price of petrol is Rs 81.73 per litre and that of diesel is Rs 73.56 per litre. The price of petrol in Mumbai is Rs 88.39 per litre and that of diesel is Rs 80.11 per litre. In Kolkata, petrol is priced at Rs 83.24 per litre, diesel was retailing at Rs 77.06 per litre. In Chennai, petrol price stood at Rs 84.73 a litre, while diesel was retailing at Rs 78.86 per litre.

Petrol prices have now risen in nine of the last 10 days and in the national capital, it is now expensive by Rs 1.30 a litre during the period.

Benchmark Brent crude has remained firm and contracts for November delivery on intercontinental exchange has risen to $ 45.75 a barrel. The US WTI crude is also holding up -- over $ 42 a barrel.

On the Multi Commodity Exchange, crude oil for delivery in September traded higher by Rs 40, or 1.27 per cent, at Rs 3,195 per barrel in 3,261 lots. Analysts said raising of bets by participants kept crude oil prices higher in the futures trade. Globally, West Texas Intermediate crude oil rose 0.68 per cent to USD 42.63 per barrel, while brent crude was trading up 0.70 per cent at USD 44.66 per barrel in New York.

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