Petrol, diesel prices jump by over Rs 2 per litre in 9 days
New Delhi : Petrol and diesel prices raised for the ninth straight day across the country. The nine hikes come after a 19-day hiatus when fuel prices were kept unchanged for May 12 Karnataka Elections.
Petrol prices have been increased by Rs. 2.24 a litre in Delhi, Rs. 2.21 in Kolkata, Rs. 2.22 in Mumbai and Rs. 2.36 a litre in Chennai over the past nine days, data from Indian Oil Corporation shows. Diesel prices have been raised by Rs. 2.15 a litre, Rs. 2, Rs. 2.28 and Rs. 2.31 in the four cities.
Amid this increase petrol and diesel prices also touched their all-time high prices since 2014.
Oil Minister Dharmendra Pradhan said on Monday that the government was looking at ways to keep rising fuel prices in check. "Various alternatives are being looked at," Mr Pradhan said, adding that he would "work out something soon", news agency Reuters reported.
Soaring crude oil prices in the global market has also shown a negative impact on Indian currency against the US dollar.