Petrol, diesel prices increased amid supply concerns

The prices of petrol and diesel were on Friday increased with immediate effect amid rising global oil prices and supply concerns amid the conflict in West Asia.

In Delhi, the price of petrol increased by Rs 3 per litre to Rs 97.77 per litre from Rs 94.77 per litre. Diesel will cost Rs 99.67 per litre instead of Rs 87.67.

The price of petrol was increased by Rs 3.29 per litre in Kolkata, by Rs 3.14 per litre in Mumbai and Rs 2.83 per litre in Chennai.

Diesel would cost Rs 3.11 more per litre in Kolkata, Rs 3.11 per litre in Mumbai and Rs 2.86 per litre in Chennai.

Commenting on the increase in fuel prices, Opposition leader Rahul Gandhi on Friday said that the public “will pay the price” for what he described as the Narendra Modi government’s mistake. “The Rs 3 shock has already arrived, the rest of the collection will be done in instalments,” Gandhi said on social media.

The hike 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 at $106.6 per barrel on Friday. The price of Brent was $78 per barrel on February 27, a day before the conflict started.

On Monday, the...

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