Petrol hikes again for the sixth consecutive day

Petrol | Indian Oil

Domestic petrol prices were raised in the metros for the sixth consecutive day on Tuesday, i.e. August 25, whereas diesel rates were left unchanged at existing levels. With today’s hike, petrol prices have been raised nine times in the past ten days. In Delhi, Mumbai, Kolkata and Chennai, the prices of petrol were raised by 9-11 paise per litre with effect from 6 am on August 25, according to notifications from the state-run Indian Oil Corporation. In Delhi, the price of petrol was revised to Rs 81.73 from Rs 81.62 per litre, while diesel prices were kept steady at Rs 73.56 per litre.

State-run Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation account for the majority of fuel outlets in the country, and review the rates of petrol and diesel on a daily basis. Any changes are implemented at fuel stations with effect from 6 am.

Currently, fuel prices vary in different parts of the country due to factors such as price of crude oil, foreign exchange rate and local taxes.

Meanwhile, oil prices rose on Monday as storms headed for the Gulf of Mexico shut more than half of the region’s offshore production, with the more dangerous of the two storms expected to strike later in the week.

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