Petrol, diesel price hiked again after two-day pause: Check price in your city
New Delhi, Oct 14: Petrol and diesel prices were raised across metros on today. Petrol now costs Rs 104.79 a litre in Delhi, up from Rs 104.44 previously. On October 14, diesel prices reached a new high of Rs 93.52 a litre.
Petrol prices in Mumbai reached a new all-time high of Rs 110.75 per litre. On May 29, the financial hub became the first city in the country to sell petrol for more than Rs 100 per litre.
In Mumbai, diesel now comes for Rs 101.40 a litre; while in Delhi, it costs ₹ 93.52.
This is the 13th time that petrol price has been hiked in two weeks while diesel rates have gone up on 16 times in three weeks.
There was no change in rates on October 12 and 13.
While petrol price in most of the country is already above Rs 100-a-litre mark, diesel rates have crossed that level in a dozen states including Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chattisgarh, Bihar, Kerala, Karnataka and Leh.
Prices differ from state to state depending on the incidence of local taxes.
Shedding the modest price change policy, state-owned fuel retailers have since October 6 started passing on the larger incidence of cost to consumers.
This is because the international benchmark Brent crude has jumped to near USD 84 per barrel for the first time in seven years.
On September 13, Brent was trading at USD 73.51.
Being a net importer of oil, India prices petrol and diesel at rates equivalent to international prices.
The surge in international oil prices ended a three-week hiatus in rates on September 28 for petrol and September 24 for diesel.
Since then, diesel rates have gone up by Rs 4.9 per litre and petrol price has increased by Rs 3.9.
Prior to that, the petrol price was increased by Rs 11.44 a litre between May 4 and July 17. Diesel rate had gone up by Rs 9.14 during this period.