New Delhi: petrol And diesel prices hit their highest level across the country on Friday, as fuel rates were hiked again by 35 paise per litre.
According to the price notification of the state-owned fuel retailers, the price of petrol in Delhi touched an all-time high of Rs 105.14 per liter in Mumbai and Rs 111.09 per litre.
In Mumbai, diesel now comes for Rs 101.78 per litre; While its price in Delhi is Rs 93.87.
This is the second day in a row of 35 paise per liter hike in petrol and diesel prices. There was no change in rates on October 12 and 13.
This is the 14th increase in petrol prices and the 17th increase in diesel prices since the end of a three-week long hiatus in rate revision in the last week of September.
While petrol prices are already above Rs 100 per liter in most parts of the country, diesel rates have crossed that level in a dozen states, including Madhya Pradesh, Rajasthan, Orissa, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chhattisgarh, Bihar, Kerala, Karnataka and Leh.
Prices vary from state to state depending on the incidence of local taxes.
Barring a minor price change policy, state-owned fuel retailers have started passing on major cost events to consumers from October 6.
This is because the international benchmark Brent For the first time in seven years, crude is trading at $84.61 per barrel.
A month ago, Brent was trading at $73.51.
Being a net importer of oil, India keeps petrol and diesel prices at par with international prices.
The jump in international oil prices ended a three-week hiatus in rates for petrol on September 28 and diesel on September 24.
Since then the price of diesel has increased by Rs 5.25 per liter and that of petrol by Rs 4.25.
Earlier, between May 4 and July 17, the price of petrol was increased by Rs 11.44 per liter. During this, the price of diesel had increased by Rs 9.14.
According to the price notification of the state-owned fuel retailers, the price of petrol in Delhi touched an all-time high of Rs 105.14 per liter in Mumbai and Rs 111.09 per litre.
In Mumbai, diesel now comes for Rs 101.78 per litre; While its price in Delhi is Rs 93.87.
This is the second day in a row of 35 paise per liter hike in petrol and diesel prices. There was no change in rates on October 12 and 13.
This is the 14th increase in petrol prices and the 17th increase in diesel prices since the end of a three-week long hiatus in rate revision in the last week of September.
While petrol prices are already above Rs 100 per liter in most parts of the country, diesel rates have crossed that level in a dozen states, including Madhya Pradesh, Rajasthan, Orissa, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chhattisgarh, Bihar, Kerala, Karnataka and Leh.
Prices vary from state to state depending on the incidence of local taxes.
Barring a minor price change policy, state-owned fuel retailers have started passing on major cost events to consumers from October 6.
This is because the international benchmark Brent For the first time in seven years, crude is trading at $84.61 per barrel.
A month ago, Brent was trading at $73.51.
Being a net importer of oil, India keeps petrol and diesel prices at par with international prices.
The jump in international oil prices ended a three-week hiatus in rates for petrol on September 28 and diesel on September 24.
Since then the price of diesel has increased by Rs 5.25 per liter and that of petrol by Rs 4.25.
Earlier, between May 4 and July 17, the price of petrol was increased by Rs 11.44 per liter. During this, the price of diesel had increased by Rs 9.14.
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