Substantial increase in fuel prices on cards as crude crosses $82 a barrel
Petrol price on Tuesday was hiked by 25 paise a litre and diesel by 30 paise, sending retail rates to all-time high levels, with a “substantial” increase in the offing in coming days as international oil prices touched seven-year high.
The petrol price in Delhi rose to its highest-ever level of Rs 102.64 a litre and to Rs 108.67 in Mumbai, according to a price notification of state-owned fuel retailers.
Diesel rates too touched a record high of Rs 91.07 in Delhi and Rs 98.80 per litre in Mumbai.
Prices differ from state to state depending on the incidence of local taxes.
State-owned fuel retailers have in the past few days resorted to modest increases to align domestic rates with cost.
