INSUBCONTINENT EXCLUSIVE:
Petrol prices were hiked across the country on Monday, marking a fifteenth straight day of upward revision
The government has said it is looking at short-term as well as long-term solutions to the rising fuel prices
The continues increase in domestic petrol and diesel prices is a result of higher global crude oil prices along with weakness in the rupee
against the US dollar, among other factors
Brent crude oil in the international market hit a three-week low on Monday
If crude oil continues its downward movement, it might result in some relief for the domestic fuel consumer, say analysts
However, the rupee's movement against the US dollar will be watched, they add.Besides global crude prices, excise duty imposed by the Centre
and VAT by the states also determine the final price that consumers have to pay at the pump
So there is a wide variation in petrol and diesel prices across different states
Currently, petrol in Mumbai is most expensive compared with the rest of the country, according to Indian Oil's data on fuel prices in metros
At Rs 86.08 per litre, petrol price in Mumbai hit a fresh all-time high on Monday.Petrol and diesel prices are the cheapest in Port Blair,
Andaman and Nicobar, compared to the rest of the country, data shows
prices across the country, as listed by Indian Oil Corporation:Metro/state capitalPetrol price on May 28 in Rs per litreMetro/state
capitalDiesel price on May 28 in Rs per litrePort Blair67.42Port
Blair64.8Panjim72.13Itanagar66.4Agartala73.92Aizwal66.41Aizwal74.04Chandigarh67.17Itanagar74.06Imphal67.21Chandigarh75.27Agartala67.23Daman7
6.05Kohima67.5Silvasa76.12Shimla68.79Imphal76.32Shillong68.97Kohima76.69Jullunder69.06Pondicherry77.01Delhi69.17Bhubhaneswar77.07Lucknow69.3
3Gandhinagar77.56Dehradun69.51Shillong77.62Ambala69.69Ranchi77.85Daman69.92Delhi78.27Silvasa69.99Ambala78.37Jammu70.33Shimla78.42Bangalore70
.36Raipur78.64Panjim70.4Lucknow78.69Gangtok70.9Dehradun79.21Pondicherry71.44Bangalore79.55Kolkata71.72Jammu79.95Guwahati72.22Guwahati80.49Sr
inagar72.55Kolkata80.91Bhopal72.81Jaipur81.05Ranchi73.02Gangtok81.25Chennai73.03Chennai81.26Jaipur73.64Trivandrum82.45Mumbai73.64Srinagar82.
64Patna73.87Hyderabad82.91Bhubhaneswar74.15Jullunder83.53Gandhinagar74.34Patna83.74Raipur74.67Bhopal83.9Trivandrum75.05Mumbai86.08Hyderabad7
5.18(Source: iocl.com)Currently, petrol and diesel prices are revised on a daily basis, determined broadly by global crude oil and
The new rates are passed on to fuel stations with effect from 6 am.
