Petrol, diesel prices touch all-time high

New Delhi: Your fuel bill is set to pinch you more with the petrol and diesel prices continued to rise for the sixth consecutive day on Friday.

As per the prices announced under the daily dynamic pricing regime by the state-run Indian Oil Corporation (IOC), both petrol and diesel prices touched new highs in Delhi, Kolkata and Chennai.

The surge is largely due to the rise in the cost of crude oil and the high excise duty levied on the transportation. London Brent crude oil has breached the $77 per barrel mark, while US West Texas Intermediate is nearly at the $70 level.

Petrol in Delhi was selling at Rs 78.52 per litre, nine paise higher than its previous record high of 78.43 on May 29 this year. In Kolkata, Mumbai and Chennai, petrol prices stood at Rs 81.44, Rs 85.93, Rs 81.58 per litre respectively.

All-time high petrol prices on May 29 in Delhi, Kolkata, Mumbai and Chennai were Rs 78.43, Rs 81.06, Rs 86.24 and Rs 81.43 respectively.

Only in Mumbai did this key transportation fuel remained below its previous high of Rs 86.24 on May 29.

In Delhi, diesel was priced at Rs 70.21 per litre. In the other key metros of Kolkata, Mumbai and Chennai, the fuel was sold for Rs 73.06, Rs 74.54 and Rs 74.18 respectively.

The rise in diesel prices, that surpassed previous highs across metros on Friday, is significant as it is mostly used in vehicles for transportation of food and agricultural products, which could lead to higher inflation.