Petrol, Diesel Prices Rise to Fresh Highs After 2-Days Pause

Petrol, Diesel Prices Rise to Fresh Highs After 2-Days Pause
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The prices of petrol and diesel have increased again on Wednesday after a pause of two days as the global oil prices failed to relent and continue to remain firm. After the fresh hike in fuel price by 35 paise, the price of petrol in Delhi jump to Rs. 107.94 per litre while diesel prices touched Rs. 96.67 per litre, according to a price notification of state-owned fuel retailers.

Meanwhile, in Mumbai, petrol prices have now risen to Rs. 113.80 per litre while diesel price costs Rs. 104.5 per litre, the highest among all metros.

Across the country as well petrol and diesel prices increased between 35-40 paise per litre, but their retail rates varied depending on the level of local taxes on petroleum products. The fuel prices remained static last week on Monday and Tuesday, but had risen for four straight days by 35 paise per litre previously before again rising for five consecutive days between Wednesday and Sunday. It remained static again on Monday and Tuesday before rising again on Wednesday. There was no change in rates on October 12 and 13.

Diesel prices have now increased for 25 of the last 33 days taking up its retail price by Rs 8.15 per litre in Delhi. With diesel prices rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed Rs 100 a litre-mark across the country a few months earlier, as per a report of IANS. Petrol prices had maintained stability since September 5, but oil companies finally raised the pump prices last week and this week given a spurt in the product prices lately. Petrol prices have also risen on 22 of the previous 29 days taking up its pump price by Rs 6.75 per litre, the report stated.

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