Petrol rates jumped by 26 paise per litre on Tuesday and diesel by 23 paise, the seventeenth hike in less than a month as international oil prices rallied on demand optimism and prospects of continued supply squeeze by producers’ cartel Organisation of the Petroleum Exporting Countries and its allies (OPEC+).
Petrol is now costlier by ₹4.09 a litre and diesel by 4.65 across the country since May 4, a day after results of five assembly polls were declared and fuel rates continuously moved up in one direction only.
The unidirectional upward movement this month saw petrol breaching ₹100 mark in various cities across the country, particularly in Maharashtra, Rajasthan, Andhra Pradesh and Madhya Pradesh.
