Petrol price Rs 78.27, diesel Rs 69.17 in Delhi; Fuel prices surge for 15th consecutive day

Today is the 15th consecutive day that the petrol and diesel prices have been hiked.

The petrol price was hiked by 15 paise per litre in Delhi as it surged from Rs 78.12 on Sunday to Rs Rs 78. 27 per litre today (May 28). The diesel price, meanwhile, rose from Rs 69.06 on Sunday to Rs Rs 69.17 today.

Today is the 15th consecutive day that the petrol and diesel prices have been hiked.

As of Monday, the petrol prices in Mumbai, Kolkata and Chennai are Rs 86.08, Rs 80.76 and Rs 81.11 per litre, respectively. Today's diesel price in Mumbai is Rs 73.64 per litre.

On Sunday, petrol prices in Mumbai, Kolkata and Chennai were Rs 85.93, Rs 80.76 and Rs 81.11 per litre respectively.

The surge in petrol prices is largely attributed to the recent rise in crude oil cost and the high excise duty levied on the particular fuel type in the country.

The Union Government has been drawing flak from all quarters for high fuel prices. BJP president Amit Shah had last week said that a solution to rein in sharp rise in petrol and diesel prices would be found soon.

Fuel prices are increasing again and again. All are being badly affected: agriculture, transport and common people are being forced to bear burden. In spite of the grim situation, why isnt the Central Govt taking any serious steps to find a solution ? They need to act

— Mamata Banerjee (@MamataOfficial) May 28, 2018

There are also demands that the fuel prices be be brought under the GST.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan has said that drop in crude production by the Organization of the Petroleum Exporting Countries (OPEC) had led to sharp rise in fuel prices.