Petrol, diesel get more expensive, retail prices up again 35 paise/litre – National Herald

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Petrol and diesel prices on Saturday were hiked to their highest ever levels across India. Fuel rates were increased again by 35 paise a litre.
The cost of petrol in Delhi rose to its highest-ever level of ₹105.49 per litre and ₹111.43 per litre in Mumbai. In Mumbai, diesel now will be sold at ₹102.15 a litre; while in Delhi, it costs ₹94.22.
This is the third straight day of 35 paise per litre hike in petrol and diesel prices.
Petrol and diesel have been priced at ₹106.10 and ₹97.33 respectively in Kolkata and in Chennai ₹102.70 and ₹98.59 respectively.
Petrol in Bengaluru costs ₹109.16 per litre and diesel at ₹100.00 and in Hyderabad, one litre of petrol is now available at ₹109.73 and diesel costs ₹102.80 for one litre of diesel.
With diesel prices rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed Rs 100 a litre-mark across the country a few months earlier.

Petrol prices had maintained stability since September 5 but oil companies finally raised the pump prices last week and this week given a spurt in the product prices lately. Petrol prices have also risen on 13 of the previous 16 days taking up the pump price by Rs 3.60 per litre.

OMCs had preferred to maintain their watch prices on global oil situation before making any revision in prices. This is the reason why petrol prices were not revised for the last three weeks. But extreme volatility in global oil price movement has now pushed OMCs to effect the increase.

Crude prices have been on a surge rising over a three-year high level of over $ 83.7 a barrel now. Since September 5, when both petrol and diesel prices were revised, the price both in the international market was higher by around $9-10 per barrel as compared to average prices during August.

with inputs from IANS
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