New Delhi: A day after presentation of Union Budget 2018-19 in Parliament, petrol prices were hiked by a marginal 5 paise per litre in Delhi, Kolkata, Mumbai and Chennai. Diesel prices in the four metros, however, were left unchanged. Effective 6 am, February 2, 2018, petrol price was at Rs. 73.1 per litre in Delhi, Rs. 75.79 per litre in Kolkata, Rs. 80.96 per litre in Mumbai and Rs. 75.82 per litre in Chennai, according to Indian Oil Corporation’s website – iocl.com. Diesel prices were at Rs. 64.11 per litre in Delhi, Rs. 66.78 per litre in Kolkata, Rs. 68.27 per litre in Mumbai and Rs. 67.62 per litre in Chennai, according to Indian Oil Corporation, the country’s largest fuel retailer.
With Friday’s hike, petrol prices have been increased by Rs. 3.07-3.29 per litre in the four metros so far this year, while diesel rates raised by Rs. 4.47-5 per litre, according to Indian Oil Corporation. Domestic petrol and diesel prices are broadly determined by global crude oil rates and foreign exchange rates. In the international market, Brent crude futures – the global benchmark – was qoting 0.3 per cent higher at $69.84 a barrel in recent prices on Friday.