Fuel prices hiked by 84 paise a litre; petrol above ₹112 in Mumbai

MUMBAI: The petrol and diesel prices were hiked by 84 and 85 paise a litre respectively on Friday, the third increase in four days as oil firms recoup losses from holding rates during the period prior to the recently-concluded assembly elections.

A litre of petrol in Mumbai is now available at ₹112.51 while a litre of diesel is priced at ₹96.70. The price of petrol crossed ₹112 earlier on October 20,2021 while the price of diesel crossed ₹96 on May 29,2021.

On Thursday, a litre of petrol was available at ₹111.67 and a litre of diesel was priced at ₹95.85. The fuel price remained constant on Thursday. On March 22, fuel prices had increased in the city four months after being stable. Earlier on November 4, 2021, a litre of petrol was priced at ₹109.98 while one litre of diesel was available at ₹94.14.