Petrol and diesel prices were hiked across major cities in the country on Monday.
The change in the price of crude oil in the international market directly influences the price of crude oil in the domestic market; this is one of the most important factors responsible for an increase in petrol prices in Indian domestic market. Increase in international demand, low production rate and any political unrest in the crude oil-producing countries of the world severely affect petrol price.
Petrol prices were hiked by 5-7 paise across four major metros while diesel prices were hiked 5-6 paise.
Petrol was available at Rs 71.82 per litre in Delhi against Rs 71.76 on Wednesday, Rs 74.55 (Rs 74.49) in Kolkata, Rs 77.50 (Rs 77.45) in Mumbai and Rs 74.63 against Rs 74.56 in Chennai. Read More
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