Petrol price has already crossed Rs 100-mark in more than half of the country. Petrol price rose to Rs 106.97 a litre in Mumbai with an increase of 38 paise from the previous day price.
After crossing $77 a barrel, global crude prices have softened a bit with differences surfacing in oil cartel OPEC over continuation of production cuts.
Diesel prices have also become dearer in the national capital by 0.09 paise to retail at Rs 89.62 per litre.
Fuel prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges.
Accordingly, the retail price of petrol increased by 35 paise per litre in the national capital on Friday to Rs 99.16 while diesel prices maintained previous days price line of Rs 89.18 a litre.
Starting from a price line of Rs 90.40 a litre on May 1, petrol is now priced at Rs 98.81 a litre in the national capital, rising by a sharp Rs 8.41 per litre in the last 60 days.
His remarks came a day after petrol prices were hiked by 31 to 35 paise while diesel by 26 to 30 paise on June 29, taking the fuel prices across the country to a historic high.
In Mumbai and Kolkata, the fuel was sold for Rs 104.56 and Rs 98.30 per litre, respectively.
As compared to Friday, petrol and diesel have become costlier by 35 paise per litre. Residents of Delhi say that they are facing hardship as fuel prices have increased again.
On Tuesday, the oil marketing companies (OMCs) raised the price of petrol and diesel between 25-30 paise per litre across the four metros.
Petrol is selling for Rs 97.22 per litre in Delhi on Sunday, up from Rs 96.93 on Saturday.
In Mumbai, where petrol price crossed Rs 100 mark for the first time ever on May 29, the fuel price reached new high of Rs 103.08 per litre on Friday. Diesel price also increased in the city by 30 paisa per litre to reach Rs 95.14 a litre, the highest among metros.
On Wednesday, the oil marketing companies (OMCs) raised the price of petrol and diesel between 12-25 per litre across the four metros.
The city already had the distinction of having the highest pump price of petrol across the country at Rs 107.23 a litre. With diesel prices now increasing there by another 25 paisa per litre on Saturday it reached Rs 100.06 a litre.
In the city of Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on May 29, the fuel price reached new high of Rs 102.04 per litre on Friday.
The price of premium petrol hit the century mark at the pumps in Thiruvananthapuram, Kollam, Idukki, Palakkad, Wayanad and Kasaragod districts.
Price of petrol in Mumbai crossed the Rs 101-a-litre mark at Rs 101.25 per litre. Chennai and Kolkata, the fuel was sold for Rs 96.47, Rs 95.02, respectively, higher than the levels on Saturday.
Diesel prices in the city is also the highest among metro cities at Rs 92.17 per litre, increasing by 30 paise from previous level on Saturday.
Petrol in Bhopal today costs Rs 101.77 per litre after an increase of 24 paise while diesel costs Rs 93.07 litre today.
Diesel price in the national capital on Sunday crossed Rs 84 mark while petrol rate in Mumbai neared Rs 100 a litre after fuel prices were raised again.
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