PANAJI:
Rising global oil and gas prices pinched
fuel consumers hard as
motor fuel prices hit record levels in Goa and other parts of the country on Sunday.
In Goa, petrol price increased to Rs 67.57 a litre on Sunday and is expected to rise to Rs 67.66 Monday, while
diesel touched an all-time high of Rs 65.33 a litre and will hit Rs 65.44 on Monday as
benchmark Brent crude hovered at $70 per barrel on Friday, the last trading day of the week gone by.
Consumers are likely to feel the pinch of every cent by which crude rises or falls due to the daily price revision mechanism introduced since June last year, unlike in the past when the prices were revised every fortnight. With the daily revision, the price of diesel has gone up by Rs 4.84 per litre over the past three months, while petrol has become costlier by Rs 5.34.
