Petrol and diesel prices in the country were hiked again by oil marketing companies (OMCs) on Monday after a day’s gap. The hike - 24th since May 4 - took fuel prices across the country to a historic high.
Petrol price was hiked by 29 paise per litre and diesel by 30 paise, according to a price notification of state-owned fuel retailers.
After today’s hike, petrol prices in Delhi rose to Rs 96.41 per litre against Rs 96.12 on Sunday, while diesel price soared to Rs 87.28 per litre as compared to Rs 86.98 a litre on Sunday.
Rates have been increased across the country and differ from state to state depending on the incidence of value-added tax.
In Mumbai, the price of petrol and diesel stood at Rs 102.58 and Rs 94.70 per litre respectively.
The price of petrol and diesel in Chennai was Rs 97.69 and Rs 91.92 per litre respectively and Rs 96.34 and Rs 90.12 per litre in Kolkata.
The hike on Monday was the 24th increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal. In 24 increases, petrol price has risen by Rs 6.01 per litre and diesel by Rs 6.55 a litre.
Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15 days, and foreign exchange rates. International oil prices have firmed in recent weeks in anticipation of demand recovery following the rollout of vaccination programme by various countries.
(With inputs from Agencies)
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