Petrol, diesel prices hit fresh record highs after 2nd straight day of hike

New Delhi: Petrol and diesel prices were hiked across metros for the second consecutive day on October 21. With the fresh revision, the fuel prices have hit fresh all-time highs.

Petrol price in Delhi surged by 35 paise to cost Rs 106.54, while diesel retails at Rs 95.27 per litre, according to Indian Oil Corporation.

In Mumbai, a litre of petrol now costs Rs 112.44 up from Rs 112.11 the day before. Diesel is sold at Rs 103.26 per litre in Maharashtra's capital.

Fuel prices witnessed a similar trend in Kolkata, where a litre of petrol and diesel were retailed at Rs 107.12 per litre and Rs 98.38 per litre, respectively.

Chennai also witnessed a price hike and now a litre of petrol costs Rs 103.61, while diesel costs Rs 99.59 per litre in Tamil Nadu’s capital.

Petrol and diesel prices differ from state to state depending on the incidence of local taxes.

With this rise, petrol is now at Rs 100-a-litre mark or more in all state capitals while diesel has touched the level in over a dozen states/UT including Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chhattisgarh, Bihar, Kerala, Karnataka, Jharkhand, Goa and Ladakh.

Since the ending of a three-week-long hiatus in rate revision in the last week of September, this is the 18th increase in petrol price and the 20th time that diesel rates have gone up.

Shedding the modest price change policy, state-owned fuel retailers have since October 6 started passing on the larger incidence of cost to consumers.