Price of a litre of petrol crossed ₹115 in Mumbai on Sunday, reaching an all time high of ₹115.15 per litre in the metropolis, where a litre of diesel was retailing at ₹106.23, following an increase in prices by 34 and 37 paise respectively.
The fuel prices have been raised for the fifth consecutive day to touch record levels across the country.Central government maintains that the pump prices of petrol and diesel are skyrocketing due to reluctance of producers’ cartel – the Organisation of the Petroleum Exporting Countries and its allies (together known as OPEC+) – to increase supply to meet rising energy demand. As a result, retail prices of petrol and diesel are creating record almost every day.
On Saturday, a litre of petrol was priced at ₹114.81 and a litre of diesel was available at ₹105.86 in Mumbai.In Thane, price of a litre of petrol crossed ₹115 to reach ₹115.29, while a litre of diesel was being sold at ₹106.37, following the Sunday hike in retail fuel prices.
