Petrol, diesel prices hiked for second day running

PTI New Delhi | Updated on October 21, 2021

Diesel sells above ₹99 per litre from Srinagar to Chennai

Petrol and diesel prices on Thursday were hiked by 35 paise per litre each, the second consecutive day of increase, which took pump rates across the country to record highs.

The price of petrol in Delhi rose to its highest-ever level of ₹106.54 a litre and it was ₹112.44 per litre in Mumbai, according to a price notification of state-owned fuel retailers.

In Mumbai, diesel is now ₹103.26 a litre; in Delhi, it costs ₹95.27 per litre.

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This is the second consecutive day of price hike. There was no rate change on October 18 and 19, which were preceded by four straight days on which prices were hiked by 35 paise per litre.

While petrol has already hit the ₹100-a-litre mark or more in all major cities of the country, diesel has touched that level in over a dozen states and is treading towards that mark in places from Srinagar to Chennai.

Diesel costs ₹99.14 a litre in Srinagar while it is priced ₹99.59 in Chennai.

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The costliest fuel was in the border town of Ganganagar in Rajasthan, where petrol comes for ₹118.59 a litre and diesel for ₹109.41 per litre.

Since the end of a three-week hiatus in rate revision in the last week of September, this is the 18th increase in petrol price and the 21st for diesel.

Prices differ from state to state depending on local taxes.

International benchmark Brent crude on Thursday was trading above $85 per barrel, $11 more than last month.

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 rate revision on September 28 for petrol and September 24 for diesel.

Since then, the diesel rate has gone up by ₹6.85 per litre and for petrol by ₹5.35 a litre.

Prior to that, petrol price was increased by ₹11.44 a litre between May 4 and July 17. Diesel rate had gone up by ₹9.14 per litre during this period.

Published on October 21, 2021

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