Petrol, diesel prices rise to all-time high after fifth consecutive hike today
Petrol and diesel prices hiked for the fifth consecutive day on Sunday to touch record high levels across the country. According to a price notification of state-owned fuel retailers, petrol and diesel prices were again hiked by 35 paise per litre each.
With a hike of 35 paise a litre, the price of petrol in Delhi rose to its highest-ever level of Rs 109.34 a litre. The price of diesel rose to Rs 98.07 per litre in the national capital.
Mumbai also reported a surge in fuel prices as compared to yesterday. The petrol in retail cost stands at Rs 115.51 per litre whereas diesel costs Rs 106.23 per litre today in Mumbai.
As for Kolkata, the price of petrol is Rs 109. 79 per litre, while diesel is Rs 101.19 per litre. In Chennai, petrol and diesel cost Rs 106.04 and Rs 102.25 per litre respectively.
The twin factors led to petrol price crossing Rs 120 a litre mark in places such as Panna, Satna, Rewa, Shahdol, Chhindwara and Balaghat in Madhya Pradesh.
The same level has also been crossed in two border towns of Rajasthan - Ganganagar and Hanumangarh. Ganganagar has the costliest fuel in the country with petrol costing Rs 121.52 a litre and diesel coming for Rs 112.44 per litre.
Petrol and diesel prices differ from state to state depending on the incidence of value-added tax.
Meanwhile, the Central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
Earlier, a source told ANI that the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries.
"As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others," said the source.
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