Even as global crude oil prices fell by about 2%, the rally of auto fuel rates continued unabated on Tuesday that saw petrol breaching the ₹100 mark for the first time in West Bengal and crossing ₹110 a litre in Rajasthan’s Ganganagar.
State-run fuel retailers raised petrol and diesel rates on Tuesday by 35 paise a litre and 28 paise respectively, the 32nd hike in 57 days, which made petrol costlier by ₹8.41 per litre and diesel by ₹8.45 since May 4, a day after results of five assembly polls were declared.
Benchmark Brent crude fell 1.96% to close at $74.68 a barrel on Monday after hitting its highest since October 2018 at $76.18 on Friday. Brent on Tuesday fell further by 0.51% at $74.30 during the early trade.
