NEW DELHI: Petrol and gasoline prices in India hit an all-time high on Friday after rates were raised by 35 paise per litre for the third day in a row.
According to a price notice from state-owned fuel retailers, the price of petrol in Delhi reached an all-time high of Rs 106.89 per litre and Rs 112.78 per litre in Mumbai. Diesel now costs Rs 103.63 a litre in Mumbai, while it costs Rs 95.62 in Delhi.
This is the third day of price increases in a row. On October 18 and 19, there was no change in rates, after which prices were raised by 35 paise per litre for four days in a row.
While petrol has already surpassed the Rs 100-a-litre mark in all major cities across the nation, diesel has done so in more than a dozen states and is on the verge of doing so in cities ranging from Srinagar to Chennai.
In Srinagar, a litre of diesel costs Rs 99.49, while in Chennai, it costs Rs 99.92. Prices vary by state, based on the amount of local taxes levied. Since September 28, when a three-week respite in rate revision ended, the price of gasoline has been raised 19 times.
Overall, the cost of a litre of petrol has increased by Rs 5.7. Since September 24, diesel prices have risen by Rs 7 per litre in 22 rises. Before that, from May 4 and July 17, the price of petrol was hiked by Rs 11.44 per litre. During this time, the diesel pricing increased by Rs 9.14 per litre.