Accordingly, oil marketing companies raised the pump price of petrol by 34 paise and diesel by another 32 paise per litre in Delhi. With this increase, petrol is now priced at Rs 89.88 a litre and diesel Rs 80.27 a litre in the national capital.
In Mumbai, petrol price touched the Rs 96 per litre mark today, the highest price to date, as compared with Rs 95.75 on Tuesday. After a 26 paise hike, people in Mumbai have to shell out Rs 86.98 for a litre of diesel.
Petrol price in Delhi inched closer to Rs 90 per litre as the fuel price is seeing a continuous surge.
Accordingly, oil marketing companies raised the pump price of diesel by year high level of 36 paise per litre and petrol by another 30 paise per litre in Delhi.
Across the country as well, the petrol prices increase within the 25-30 paisa per litre range, while diesel between 30-35 paisa per litre -- depending on the level of local taxes on the two petroleum products.
Oil Minister Dharmendra Pradhan in Rajya Sabha said the government is not considering a reduction in excise duty to cool rates from their record highs.
Petrol in Delhi has touched all-time high and costs Rs 85.45 per litre while diesel is retailing at Rs 75.63 per litre, 25 paisa more than the previous price, as per data from Indian Oil Corporation website.
Fuel prices touched a new high on Wednesday after oil marketing companies decided to break the momentary pause in the wake of a sudden spike in the global oil prices.
Fuel prices have reached all-time high on Thursday after oil marketing companies hiked the rates. Petrol is retailing at Rs 84.20 per litre in Delhi.
Diesel prices continued its downward movement on Monday on the back of subdued product prices and almost steady crude oil prices globally.
This is the second consecutive day of the price increase. Rates were hiked by 15 paise on Saturday. The price increase on Saturday came after a four-day hiatus in rate revision.
Diesel price on Tuesday was increased by 25 paise per litre, according to a price notification of state-owned oil marketing companies.
People are showing anger towards the rising prices of petrol and diesel in the national capital. One of the localities said, "In 13 days, the price has risen by 7 rupee, this is not good.
Petrol and diesel prices were hiked by 60 paisa per litre on Monday, for the second day in a row, as state-owned oil firms reverted to daily price revisions after a 83-day hiatus.
The Mizoram government will hike diesel and petrol prices by 2.5 per cent and 5 per cent, respectively, from June 1 to fight the economic slowdowncaused by the outbreak of novel coronavirus, Taxation Minister Lalchamliana said on Saturday.
The Uttar Pradesh government has hiked the petrol and diesel prices on Wednesday, amid coronavirus crises. The petrol prices have been hiked by Rs 2 per litre and diesel by Rs 1 per litre. The revised fuel prices will be applicable from today midnight.
In Delhi, petrol was being sold at Rs 81.00 per litre and diesel at Rs 73.08 per litre. While petrol prices were hiked by 13 paise, diesel saw a change of 11 paise.
Fuel prices began an almost unbroken northward march since August 1. They fell only once on August 13 in the last 41 days. Prices surged on 29 days and remained unchanged on 11 days, and have been breaching record levels for more than a week now.
This is the 15th straight hike in a row after the dynamic pricing system resumed on May 14. Since then, petrol and diesel prices have risen by Rs 3.64 and Rs 3.24 respectively in Delhi.
On Thursday, the petrol prices were Rs 80.12 per litre in Kolkata, Rs 85.29 per litre in Mumbai and Rs 80.42 per litre in Chennai, while it went up to Rs 77.47 in Delhi.
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