Petrol price hiked again for the 6th consecutive day

On Tuesday, Petrol prices have continue to  rise for the sixth consecutive day while diesel held on to its price tag since July 30.

Crude price has also remained firm hovering and accelerating over $45 a barrel in the international market.

State-owned oil marketing companies increased the price of petrol by 11 paisa per litre in Delhi, Mumbai and Kolkata on Tuesday while the price rose by nine paisa in Chennai.

According to the IndianOil website, petrol prices in Delhi, Kolkata, Mumbai and Chennai increased to Rs 81.73, 83.24, 88.39, 84.73 per litre respectively. However, diesel prices are holding steady in these metros at Rs 73.56, Rs 77.06, Rs 80.11 and Rs 78.86 per litre.

Petrol prices have now risen in nine of the last 10 days and in the national capital, it is now expensive by Rs 1.30 a litre during the period.

Benchmark Brent crude has remained firm and contracts for November delivery on intercontinental exchange has risen to $45.75 a barrel. The US WTI crude is also holding up — over $ 42 a barrel.

Also Read : Fuel Rate Today: Petrol price rise for 6th consecutive day, crude also up