Petrol, diesel prices rise for the 10th day. Check today’s rates here

Petrol prices

In Kolkata, the price of petrol has been increased to ₹82.22 per litre while the diesel price has gone up to ₹74.19 per litre.

In Chennai, petrol price rose 17 paise/litre to Rs 82.41/litre. 5 cents a litre, while the reference price of 95 octane unleaded petrol will top 1 euro 60 a litre. In Mumbai, the price petrol touched Rs 86.56 a litre - an increase by Rs 0.58/litre - and diesel to Rs 75.54/litre - an increase by Rs 0.44/litre, respectively.

Any rally in global crude oil price will impact India's oil import bill and trade deficit as every dollar increase in oil prices would impact import bill by around ₹10,700 crore on an annual basis.

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Petrol is priced at Rs 79.31 per litre and Rs 86.72 per litre in Delhi and Mumbai.

Diesel is being sold at Rs 71.15 in Delhi, Rs 74 in Kolkata, Rs 75.54 in Mumbai and Rs 75.19 in Chennai. OPEC had said to increase the production of oil by one million barrel per day but it has been two months (July and August) but they have not done this so far.

The surge in fuel prices is largely attributed to the recent rise in crude oil cost and the high excise duty levied on transportation fuel in the country.

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He rose to worldwide fame when he bagged a Golden Globe for his 1990 role as Georges in the romantic comedy Green Card . The young woman is understood to be a protégé of Depardieu's and also the daughter of the famous actor's friend.

Globally, oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. There is a pressure on oil prices due to decrease in production. The US sanctions on Iran is not the only reason for India to be anxious about a possible spike in petrol and diesel prices. "Secondly, global currencies have weakened against the U.S. dollar".

"Due to the high dependence on imports of crude oil to meet domestic consumption, an increase in crude oil prices increases the current account deficit which is weighing down on the Rupee", it added.

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