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Petrol, diesel prices were hiked across metros on October 14, according to a price announcement of state- possessed energy retailers With the rearmost hike, petrol now costs Rs104.79 in Delhi up from Rs104.44 per litre. Diesel rates, too, touched a record high of Rs93.52 per litre on October 14 In Mumbai, the petrol price hit a fresh each- time high to retail at Rs110.75 a litre. The fiscal mecca, on May 29, came the first metro in the country where petrol was being vended for further than Rs 100 per litre.
Diesel price also rose to Rs101.40 per litre in Maharashtra’s capital The energy prices were hike in Kolkata too, where a litre of petrol and diesel now bring Rs105.43 per litre and Rs96.63 per litre, independently In Chennai, people have to shell out Rs102.10 for a litre of petrol, while diese costs Rs97.93 per litre in Tamil Nadu’s capital petrol and diesel prices differ from state to state depending on the prevalence of original levies.
Slipping its modest price change policy, state- possessed energy retailers have started passing on the larger prevalence of cost to consumers. This is because the transnational standard Brent crude has soared to over USD 82 per barrel after the decision by OPEC not to increase affair further than0.4 million barrels per day, energy rates are being increased by a larger proportion.
The swell in transnational canvas prices ended a three-week hiatus in rates on September 28 for petrol and September 24 for diesel. Since also, diesel rates have gone up by Rs3.5 paise per litre and petrol price has increased by Rs2.35.
Prior to the July/ August price cuts, the petrol price was increased by Rs11.44 a litre between May 4 and July 17. Diesel rate had gone up by Rs9.14 during this period.
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