(ET)
Petrol, diesel prices across the country were hiked again on Friday, scaling levels last seen in November 2018 as tensions in West Asia fan global crude oil prices. The price of petrol in the national capital was increased by 15 paise to Rs 75.96 per litre, while the price of diesel was increased by 11 paise to reach Rs 69.05 per litre.
Petrol price was also increased in other major metro cities with prices reaching Rs 81.40 per litre in Mumbai, Rs 78.39 per litre in Kolkata and Rs 78.77 per litre in Chennai. Similarly, diesel prices reached Rs 72.29 per litre in Mumbai, Rs 71.31 per litre in Kolkata and Rs 72.85 per litre in Chennai.
While domestic fuel prices are not directly linked to global prices of crude oil, petrol and diesel prices typically trail global oil prices. Oil marketing companies fix the price of petrol and diesel at retail outlets based on a rolling average of the past 15 days of the benchmark prices of petrol and diesel in West Asia.
Oil minister Dharmendra Pradhan earlier this week said the government is in touch with all major oil producing countries in West Asia and is keeping a close watch on developments in the region.
