Fuel price increase on hold for second consecutive day
Fuel prices maintained the paused again on Wednesday to the relief of consumers faced with an unprecedented price increase for the past one month, taking retail rates to record highs across India.
In the national capital, petrol continues to be sold at Rs 104.44 per litre and diesel at Rs 93.17 per litre. While in Mumbai, where petrol became costlier by 29 paise per litre on Monday, the retail rates remain static at Rs 110.41, the highest across all the four metro cities. Diesel also costs Rs 101.03 for one litre in Mumbai.
Petrol maintained stability since September 5, but oil companies finally raised the pump prices last week. Petrol prices have risen on 12 of the previous 15 days taking up its pump price by Rs 3.25 per litre.
