New Delhi, Jun 24: Fuel prices registered an increase of 7 paise per litre on Monday.
Petrol and diesel rates remained unchanged in past few days while from Sunday onwards prices have started increasing.
In Delhi, petrol was retailing at Rs 70.05 per litre, a 12 paise increase from Saturday. While diesel stood at Rs 63.90 per litre, a 12 paise increase. In Mumbai, while petrol was valued at Rs 75.75 per litre, a 7 paise increase from Sunday's rate. Diesel price stood at Rs 66.99 a litre, a six paise increase.
According to the Indian Oil Corporation, petrol was retailing at Rs 72.31 per litre in Kolkata, a 7 paise increase from yesterday while diesel costs Rs 65.82 a litre, a six paise rise. Petrol in Chennai retailed at Rs 72.77 per litre while diesel costs Rs 67.59 a litre.
In Noida, petrol was available at a price of Rs 70.03 per litre and diesel stood at Rs 63.38 a litre.While petrol in Gurugram was priced at Rs 70.55 a litre, diesel was being sold at Rs 63.47 p/l.As per the country's dynamic pricing mechanism, the domestic fuel prices depend upon International fuel prices on a 15-day average and the value of the rupee.
The price of the two fuels retailing at the petrol pumps is calculated after adding central excise duty, dealers’ commission and value-added tax (VAT) to the base price. The prices are revised at 6am daily, while earlier, they used to be revised every fortnight. (UNI)