Petrol and diesel prices were hiked again across the country on Friday, the second straight hike after a pause of two days. Petrol prices increased by Rs 0.35 paise to Rs 105.14 per litre in the national capital while the price of diesel was raised by the same amount to Rs 93.87 per litre.
In Mumbai, popularly known as the financial of India, petrol prices were raised by Rs 0.34 to Rs 111.09 per litre, and diesel by Rs 0.37 to Rs 101.78 per litre. Petrol and diesel have been priced at Rs 105.76 and Rs 96.98 respectively in West Bengal’s Kolkata and Rs 102.40 and Rs 98.26 in Chennai respectively.
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In Bengaluru, petrol is available at Rs 108.80 per litre and diesel at Rs 99.63 and in Hyderabad, one litre of petrol is now available at Rs 109.37 and diesel cost Rs 102.42 for one litre of diesel. This is the 14th time that petrol price has been hiked in two weeks while diesel rates have gone up on 17 times in three weeks.
Oil companies started raising auto fuel prices last week. The pause on the prices on October 12 and 13 came after a seven-day consecutive rise. While petrol price in most of the country is already above Rs 100-a-litre mark, diesel rates have crossed that level in a dozen states including Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chattisgarh, Bihar, Kerala, Karnataka and Leh.
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Being a net importer of oil, India prices petrol and diesel at rates equivalent to international prices. The surge in international oil prices ended a three-week hiatus in rates on September 28 for petrol and September 24 for diesel. Since then, diesel rates have gone up by Rs 4.9 per litre and petrol price has increased by Rs 3.9.
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