Fuel prices to pinch harder as crude tops $83/barrel
NEW DELHI: Fuel prices are going to pinch harder, with international oil prices topping $83 a barrel on Monday amid supply crunch and rising demand on global economic recovery.
The cascading effect saw fuel retailers raising pump prices of petrol and diesel for the seventh straight day on Monday, pushing them to fresh record.
In Delhi, which taxes fuels moderately in comparison to a majority of states, among petrol price rose by 30 paise to Rs 104.44 a litre and diesel by 35 paise to Rs 93.17.
Mumbai continued to be the costliest metropolis in terms if fuels. Petrol price rose by 29 paise a litre to Rs 110.41/litre and diesel price increased by 37 paise to Rs 101.03.
