Petrol and diesel prices hiked again by 35 paise after a two-day pause in metro cities

Petrol and diesel prices on Wednesday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre after a two-day pause.

The price of petrol in Delhi rose to its highest-ever level of ₹106.19 a litre and ₹112.11 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel now comes for ₹102.89 a litre; while in Delhi, it costs ₹94.92 a litre.

The fuel prices remained static on Monday and Tuesday, but had risen for four straight days by 35 paise per litre each before (October 13-16. There was no change in rates on October 12 and 13.

Diesel prices have increased on 20 out of the last 26 days taking up its retail price by ₹6.30 per litre in Delhi.

With diesel prices rising sharply, the fuel is now available at over ₹100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed ₹100 a litre-mark across the country a few months earlier.

Petrol prices had maintained stability since September 5, but the oil companies finally raised the pump prices last week and this week gave a spurt in the product prices lately. Petrol prices have also risen on 17 of the previous 22 days taking up its pump price by ₹5 per litre.

Crude prices have been on a surge rising over a three-year high level of over $ 85 a barrel now. It had softened a bit falling below $ 85 a barrel now. Since September 5, when both petrol and diesel prices were revised, the prices of both in the international market was higher by around $9-10 per barrel as compared to average prices during August.


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