Petrol, diesel prices continue to rise; consumers feel the pinch, seek relief

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New Delhi: Petrol and diesel prices continue their upwards journey amidst continuous calls for a cut in excise duty to ease the burden on consumers. In July 2014, the price of petrol was Rs 73.60 per litre while diesel was at Rs 57.84 per litre. At that time the Indian Basket Crude Oil was USD 106.30 per barrel.

On Monday (May 21, 2018), the petrol price touched a record high of Rs 76.57 per litre and diesel climbed to its highest ever level of Rs 67.82 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers. The Indian Basket Crude Oil is at USD 79.13 per barrel.

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