Petrol, diesel prices increased again amid supply concerns

The prices of petrol and diesel were increased on Tuesday with immediate effect amid rising global oil rates and supply concerns as the conflict in West Asia continues. This is the second time in less than a week that the price of the fuel has been hiked.

In Delhi, the price of petrol increased by 87 paise per litre, to reach Rs 98.6 per litre from Rs 97.7 per litre. Diesel will cost Rs 91.5 per litre instead of Rs 90.6.

Prices were increased by around Rs 3 per litre on May 15.

Mumbai saw petrol increase by 91 paise to Rs 107.5 per litre and diesel by 94 paise to Rs 94 per litre.

Kolkata registered the sharpest hike in petrol at 96 paise to Rs 109.7 per litre. Diesel also increased by 94 paise to Rs 96 per litre.

In Chennai, petrol prices rose by 82 paise to Rs 104.4 per litre. The price of diesel was hiked by 86 paise to Rs 96.1 per litre.

The increase comes as oil marketing companies face mounting pressure with global crude prices continuing to rise amid the war in West Asia. Benchmark Brent crude was trading below $110 per barrel early on Tuesday after gaining 2.6% in the previous session

The price of Brent was $78 per barrel on February...

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