Fuel price hike: Petrol nearing century mark across the country

Jun 14 2021 02:17 PM
Fuel price hike: Petrol nearing century mark across the country

NEW DELHI, Fuel prices were hiked again across in India on Monday adding more plights for the common man already grappling with rising food prices amidst shrinking income. On Monday, the oil marketing companies (OMCs) raised the price of petrol and diesel between 26 and 31 paise per litre across the four metros.

With the rise, petrol has reached very close to hitting the century landmark all across the country extending the scope of historic high prices that had already made the fuel hit and cross the Rs 100 per litre mark in certain cities and towns of Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Andhra Pradesh. Accordingly, the price of petrel increased by 29 paise per litre to Rs 96.41 per litre and diesel by 30 paise per litre to Rs 87.28 per litre in Delhi.

In the city of Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on May 29, the fuel price reached new high of Rs 102.58 per litre on Monday. The price of diesel also increased in the city by 31 paise per litre to reach Rs 94.70 a litre, the highest among metros.

Petrol prices in three other metros apart from Mumbai has also reached closer to Rs 100 per litre mark and OMC officials said that if international oil prices continue to firm up, this mark could also be breached in other places by month-end. With Monday's price hike, fuel prices have now increased on 24 days and remained unchanged on 21 days since May 1.

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