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Petrol and Diesel Price Surge Again, Reach all-Time high

The fuel prices continue to soar across the country and have crossed Rs 100 in many states.

Prices of petrol, diesel may rise after a surge in the international oil rates (PTI Photo)

New Delhi: Petrol prices in the national capital, surged to an all-time high with an increase of 30 paise per litre as the fuel now costs Rs 102.94 per litre, after the latest revision in prices on Wednesday.

The price of diesel, increased by 35 paise, now retails at Rs 91.42 per litre in New Delhi. In Mumbai, petrol prices have been increased by 29 paise. Petrol is now sold at Rs 108.96 per litre while diesel has become dearer by 37 paise and will be sold at Rs 99.17 a litre.

ALSO READ: Petrol, Diesel At All-Time High, Oil Cos Moderate Price Hikes To Cushion Consumers

Petrol and diesel prices per liter in Chennai now stand at Rs 100.49 and Rs 95.93 respectively. In Kolkata, petrol and diesel retail at Rs 103.65 and Rs 94.53 per litre respectively.

ALSO READ: Price Of LPG Cylinder Hiked By Rs 15

Petrol price shot up by 29 paise per liter and diesel by 36 paise per liter in West Bangal’s capital at the eve of Navratri while the state immerses itself in the poojo festivities. Meanwhile, in Chennai, petrol is up by Rs 26 paise and diesel by Rs 34 paise.

Rates have been increased across the country and differ from state to state depending on the incidence of value-added tax. 

The fuel prices continue to soar across the country and have crossed Rs 100 in many states. International oil prices, post Covid-19 pandemic, have hit the highest mark since 2014 with the renewed demand as economies across the world restary their engines after a long pause. 

Following is a decision by OPEC to maintain its gradual increase of supply, despite an energy crunch.

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