Fuel prices touch new high; petrol climbs to Rs 107.54 in Mumbai
Photo Credit: PTI

Petrol and diesel rates were hiked again on Thursday, taking fuel prices across the country to a new record high.

Petrol price was hiked by a steep 35 paise per litre and diesel by 15 paise a litre, according to a price notification of state-owned fuel retailers.

In Delhi, petrol hit an all-time high of Rs 101.54 a litre, while diesel is now priced at Rs 89.87 per litre.

Fuel prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges.

In Mumbai, where petrol price crossed Rs 100 mark for the first time ever on May 29, the fuel price reached new high of Rs 107.54 per litre on Thursday. Diesel price also increased in the city by 16 paisa per litre to reach Rs 97.45 a litre, the highest among metros.

The price of petrol and diesel in Chennai was Rs 102.23 and Rs 94.39 per litre respectively and Rs 101.74 and Rs 93.02 per litre in Kolkata.

With the price rise over past two months, fuel rates have been revised upwards in 39 out of 75 days between May, June and July up to now to take retail rates touch new highs across the country. It had remained unchanged on 36 days.

Consumers can now expect that any further raise in fuel price is checked only when oil marketing companies (OMCs) start cutting the retail price of petrol and diesel over next few days to provide relief.

Meanwhile, Congress has decided to launch a 10-day nationwide agitation against inflation from July 7. Several political parties have protested against the increasing fuel prices across the country. Political leaders including BSP chief Mayawati, Maharashtra Deputy CM Ajit Pawar, Congress leader Rahul Gandhi and West Bengal CM Mamata Banerjee have raised concerns over the rising fuel prices and demanded its reduction.

(With inputs from Agencies)

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