New Delhi: Petrol prices were hiked by 30 paise per liter and diesel prices by 35 paise per liter, according to a price notification from state-owned fuel dealers.
The hike in prices for the sixth consecutive day took petrol prices to a new high.
Petrol prices in Delhi touched an all-time high of Rs 104.14 per liter, while Mumbai saw an increase of Rs 110.12 per litre.
Diesel now costs Rs 100.66 in Mumbai and Rs 92.82 per liter in Delhi.
Prices vary from state to state depending on the incidence of local taxes.
Petrol now costs Rs 104.80 per liter in Kolkata, while diesel costs Rs 95.93. Meanwhile, in Chennai, the capital of Tamil Nadu, petrol has gone up to Rs 101.53 and diesel to Rs 97.26.
State-owned fuel traders have started passing the cost on consumers from Wednesday, abandoning the strategy of marginally changing prices. Petrol price has increased by 30 paise per liter for four consecutive days, while diesel has increased by 35 paise, the biggest rate hike in history.
Because the international benchmark Brent crude rose above USD 82 a barrel as a result of OPEC’s resolve not to increase production by more than 0.4 million barrels per day, fuel prices have risen by a large percentage.
Since India is a net importer of oil, it charges petrol and diesel prices across the world.
On 28 September for petrol and 24 for diesel, a three-week relief in rates was broken by rising oil prices across the globe.
Since then, the price of diesel has gone up by 3.85 paise per liter, while that of petrol has gone up by Rs 2.65.
Petrol price was increased by Rs 11.44 per liter between May 4 and July 17, before the July/August price cut. During this, the price of diesel has increased by Rs 9.14.