Fuel costs rise for second straight day

Petrol and diesel costs on Wednesday had been hiked by 80 paise a litre every for the second straight day because the ending of an over four-and-half month hiatus.

Petrol in Delhi will now value Rs 97.01 per litre as in opposition to Rs 96.21 beforehand, whereas the diesel price has rose from Rs 87.47 per litre to Rs 88.27, as per a value notification of state gas retailers. In Mumbai, petrol value has been elevated by 85 paise to Rs 111.67, whereas costs in Chennai went up by 75 paise to Rs 102.91. In Kolkata, charges elevated to Rs 106.34 from Rs 105.51. The diesel value hike in Mumbai was 85 paise per litre. Rates differ from state to state relying on the incidence of native taxes.

Prices of the 2 auto fuels differ state-to-state relying on the incidence of native taxes. On Tuesday, a document 137-day hiatus in price revision ended, with an 80 paise per litre enhance in charges.

Meanwhile, as per a Reuters report, oil costs rose about 5 per cent to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports through the Caspian Pipeline Consortium pipeline added to worries over tight international provides. As of 1755 GMT, Brent crude rose $4.83, or 4.2 per cent, to $120.3 a barrel, and US West Texas Intermediate crude rose $4.39, or 4 per cent, to $113.70.  WITH REUTERS & PTI