Petrol, diesel today prices hiked for fourth consecutive day. Check today price in your city

Petrol and diesel prices soared to new record highs across the country on Sunday after rates were hiked again by 25 paise and 30 paise a litre, respectively. The price of petrol in Delhi rose to its highest ever level of Rs 102.39 a litre and to Rs 108.43 in Mumbai, according to a price notification of state-owned fuel retailers.

Diesel rates too touched a record high of Rs 90.77 in Delhi and Rs 98.48 a litre in Mumbai. In Kolkata, petrol is available at Rs 103.07 and diesel at Rs 93.87 per litre and in Chennai one has to pay Rs 100.01 for one litre of petrol and Rs 95.31 for one litre of diesel.

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Prices differ from state to state depending on the incidence of local taxes. The price hike follows international oil prices soaring to near three-year high as global output disruptions forced energy companies to draw more crude oil out of their stockpiles.

The basket of crude oil India imports has averaged $78 per barrel in last few days. The fourth consecutive daily increase in its rates has sent petrol prices above Rs 100 in most major cities of the country. Similarly, the eighth increase in prices in ten days has shot up diesel rates above Rs 100 mark in several cities in Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh and Telangana.

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In eight price increases since September 24, diesel rates have gone up by Rs 2.15 paise per litre. Petrol price has increased by Re 1.25 per litre in five instalments. When international oil rates fell in July and August, retail prices of petrol and diesel in the Delhi market were reduced by Rs 0.65 and Rs 1.25 per litre.

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