PETROL PRICE IN DELHI TOUCHES ₹74.08, HIGHEST SINCE SEPT 2013

NEW DELHI: Petrol prices in Delhi touched a fresh high of ₹74.08 per litre on Friday, the highest in nearly five years.

In September 2013 the price had touched ₹74.10 a litre.

In Kolkata, Mumbai and Chennai too, prices climbed to new multi-year highs at ₹76.78, ₹81.93 and ₹76.85 per litre, respectively, the Indian Oil website said.

The previous highs in these cities were ₹78.03 (Kolkata, August 2014), ₹82.07 (Mumbai, March 2014) and ₹76.93 (Chennai, July 2014).

Diesel prices also touched new record levels on Friday.

Diesel prices in Delhi, Kolkata, Mumbai and Chennai were ₹65.31, ₹68.01, ₹69.54 and ₹68.90 per litre, respectively.

Petrol prices firmed up on Friday along with surge in crude oil prices due to the ongoing supply cut by the Organisation of the Petroleum Exporting Countries (OPEC) coupled with strong demand for crude oil.

On Friday, Brent crude oil was priced around $73.56 per barrel, whereas in 2013 it was priced at over $100 a barrel.

Prices of transport fuels are now changed on a daily basis unlike the previous norm of fortnightly revision of prices.