Auto fuel rates have moved up for the third consecutive day on Thursday; petrol by 25 paise per litre and diesel by 30 paise a litre respectively, making them costlier by Rs1.55 per litre since the Union Budget was presented on February 1 that restructured Central levies on them to carve out a dedicated fund for the agriculture sector.
Petrol price on Thursday made a new record at Rs87.85 a litre in Delhi while diesel is sold at Rs78.03 per litre in the national Capital. Petrol and diesel rates are at record levels in Mumbai at Rs94.36 per litre and Rs84.94 a litre respectively. Retail prices of the transport fuels differ across the country due to variations in local levies.
Domestic retail prices of petrol and diesel are linked with the international market witnessing a spike in crude oil prices in expectation of rising demand, but oil producers are unwilling to raise supply, one government official and two executives of state-run oil companies said requesting anonymity.
