Home / News / India /  Petrol, diesel prices today: Fuel rates hiked again, diesel crosses 94 mark in Delhi

Petrol and diesel prices on Saturday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre. 

The price of petrol in Delhi rose to its highest-ever level of 105.49 a litre and 111.43 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel now comes for 102.15 a litre; while in Delhi, it costs 94.22. 

This is the third straight day of 35 paise per litre increase in petrol and diesel prices. There was no change in rates on October 12 and 13.

Petrol and diesel have been priced at  106.10 and  97.33 respectively in West Bengal's Kolkata and  102.70 and  98.59 in Chennai respectively.

In Bengaluru, petrol is available at  109.16 per litre and diesel at  100.00 and in Hyderabad, one litre of petrol is now available at  109.73 and diesel cost  102.80 for one litre of diesel.

Since the ending of a three-week-long hiatus in rate revision in the last week of September, this is the 15th increase in petrol price and the 18th time that diesel rates have gone up. 

While petrol price in most of the country is already above 100-a-litre mark, diesel rates have crossed that level in a dozen states, including Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chhattisgarh, Bihar, Kerala, Karnataka and Leh. Prices differ from state to state depending on the incidence of local taxes. 

Shedding the modest price change policy, state-owned fuel retailers have since October 6 started passing on the larger incidence of cost to consumers. This is because the international benchmark Brent crude is trading at USD 84.61 per barrel for the first time in seven years. 

A month back, Brent was trading at USD 73.51. 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 5.25 per litre and petrol price has increased by 4.25. Before that, the petrol price was increased by 11.44 a litre between May 4 and July 17. Diesel rate had gone up by 9.14 during this period.

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