Petrol, diesel prices raised for third straight day

Petrol and diesel prices on Friday touching the sky all across the country after rates were hiked for the third consecutive day by 35 paise per litre each.

According to a price notification of state-owned fuel retailers, the price of petrol in Mumbai rose to its highest-ever level of Rs 112.78 per litre and Rs 106.89 per litre in Delhi. 

Diesel prices in Mumbai are now Rs 103.63 for a litre, while in Delhi, it costs Rs 95.62 per litre.

This is the third consecutive day of the price raise. There were no change in rates on October 18 and 19, prior to which prices were hiked by 35 paise per litre consequently for four straight days.

While petrol has already hit the Rs 100-a-litre mark or more in all major cities of the country, diesel has touched that level in over a dozen states and is treading towards that mark in places from Srinagar to Chennai.

Diesel costs Rs 99.49 a litre in Srinagar, while it is priced at Rs 99.92 in Chennai.

Price varies from state to state, depending on the incidence of local taxes.

Petrol price has been hiked on 19 occasions since September 28, when a three-week-long hiatus in rate revision ended. In all, prices have gone up by Rs 5.7 a litre.

Diesel rates have been increased by Rs 7 per litre in 22 hikes since September 24.

Prior to that, the petrol price was increased by Rs 11.44 a litre between May 4 and July 17. The diesel rate had gone up by Rs 9.14 per litre during this period