Sources said that PM Modi will meet the chief executives of major global and Indian oil and gas companies as the US sanctions on Iran comes into effect from November 4, and as crude oil prices continue to be volatile.
New Delhi: With fuel prices reaching new heights every other day, especially in the metros, Prime Minister Narendra Modi is all set to meet oil company chiefs today to take stock of the global energy scenario.
Sources said that PM Modi will meet the chief executives of major global and Indian oil and gas companies as the US sanctions on Iran comes into effect from November 4, and as crude oil prices continue to be volatile.
In the national capital, petrol was priced at Rs. 82.72 per litre, up from Rs. 82.66 on Saturday, data on the Indian Oil Corporation website showed.
Similarly, petrol prices in Mumbai, Kolkata, and Chennai also rose on Sunday -- to Rs. 88.18 in Mumbai, Rs. 84.54 in Kolkata and Rs. 85.99 per litre in Chennai. Delhi has the lowest tax rate among the four metro cities.
The prices vary from city to city due to local taxes, as the product is excluded from the Goods and Services Tax regime. The increase in transport fuel prices comes amid a continuous surge in global crude oil prices. UK Brent crude has gone upwards of $85 per barrel.
Earlier this month, the Centre announced a cut of Rs 2.5 a litre.
Last Updated Oct 15, 2018, 11:04 AM IST