Fuel Prices At Record High, Petrol Crosses Rs 100-Mark In Maharashtra
Petrol, diesel prices today: Petrol and diesel prices were hiked again by the country's largest fuel retailer - Indian Oil - across the metros on Monday after a gap of two days. In Delhi, petrol prices were increased by 26 paise from Rs 91.27 per litre to Rs 91.53 per litre and diesel became dearer by 33 paise from Rs 81.73 per litre to Rs 82.06 per litre, according to Indian Oil. Currently, petrol and diesel prices are highest in the financial capital of the country. Petrol in Mumbai was retailed at Rs 97.86 per litre while diesel was sold at Rs 89.17 per litre.
Meanwhile, Maharashtra joined Rajasthan and Madhya Pradesh in the league of states where petrol rates breached the Rs 100-a-litre mark.
Below are the latest petrol and diesel prices across four metro cities:
While petrol prices had crossed the Rs 100-mark in some places in Rajasthan and Madhya Pradesh a few days back, Maharashtra's Parbhani joined the league on Monday. Petrol in Parbhani was priced at Rs 100.20 a litre. The fuel is sold at Rs 102.42 a litre in Sri Ganganagar district of Rajasthan and Rs 102.12 in Anuppur of Madhya Pradesh.
This is the second time this year that rates in some areas have crossed the Rs 100-a litre mark.
In five increases in the last one week, petrol price has risen by Rs 1.14 per litre and diesel by Rs 1.33 - more than neutralising all of the reduction that came between March 24 and April 15.
After raising petrol price by a record Rs 21.58 per litre and diesel by Rs 19.18 since the government raised excise duty to an all-time high in March last year, state-owned fuel retailers, IOC, BPCL and HPCL had reduced petrol price by 67 paise a litre and diesel by 74 paise per litre effected between March 24 and April 15.
The state-run oil marketing companies including Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum align the rates of domestic fuel with the global crude oil prices by taking into account changes in the foreign exchange rates. The new changes in fuel prices are implemented with effect from 6 am every day.
Crude prices climbed more than 1 per cent on Monday after a major cyber attack that forced the shutdown of critical fuel supply pipelines in the United States, highlighting the fragility of oil infrastructure.
Brent crude was up by 76 cents, or 1.1 per cent, at $$69.04 a barrel by 0039 GMT, having risen by l.5 per cent last week. U.S. West Texas Intermediate futures rose by 70 cents, or 1.1 per cent, at $65.60 a barrel.
