As the state-run oil marketing companies again increased rates of fuel, the petrol and diesel price continued to rise across India on Friday (September 27).
Fuel Prices Continue To Soar, Petrol Touches Rs 80 in Mumbai
According to the fuel price data available on the website of Indian Oil Corporation Ltd (IOCL), the petrol prices in Delhi increased by 15 paise to Rs 74.34 a litre while diesel prices remain unchanged at Rs 67.24 per litre on Friday.
The rate of petrol in Noida rose by 11 paise to Rs 75.77 a litre while diesel was selling at Rs 67.56 a litre. In Gurugram, petrol rate is Rs 73.98 a litre, while diesel price in Gurugram is Rs 66.38 per litre.
In Mumbai, petrol touched the Rs. 80-mark today. The rate of petrol is now at Rs 80.00 per litre while diesel is priced at Rs 70.55 per litre.
In Chennai, the retail price of petrol is Rs 77.28 a litre, while diesel was being sold at Rs 71.09 a litre.
In Kolkata, petrol is retailing at Rs 77.03 a litre today, while diesel price is being sold at Rs 69.66 per litre.
Reportedly, this is the tenth daily increase in the fuel prices after some relief on Wednesday. Global oil prices shot up the most since the Gulf War in the immediate aftermath of the unprecedented drone missile strikes on key oil facilities in Saudi Arabia that disabled 5 percent of the global supply.
Attackers using low-flying drones and cruise missiles knocked out 5.7 million barrels of production or about 60 percent of what Saudi Arabia currently produces. The attack jolted the global oil markets due to which prices shot up. India depends on Saudi Arabia for a fifth of its oil imports and has been in constant touch with Kingdom officials on securing its supplies.
Oil Minister Dharmendra Pradhan spoke to Saudi Arabia’s new oil minister Prince Abdulaziz bin Salman on Thursday to discuss the supply plan. According to Pradhan, Saudi Arabia has assured India of meeting all its committed oil supplies.
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