Petrol Prices Skyrocket In Mumbai, Delhi

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After nearly a month-long hiatus, state-owned fuel retailers like Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) relooked daily price revisions with petrol prices in Mumbai touching a record high of Rs.92.04 while in Delhi the prices rose to Rs.85.45 per litre on Friday morning.

This is the highest petrol cost so far in Delhi. Oil companies hiked petrol prices by almost 25 paise per litre. On Thursday the price was Rs.85.20 per litre for petrol in Delhi. The price of diesel is at Rs.75.63 per litre after a hike of 25 paise.

This is the third price hike in last 20 days. On January 6th, oil marketing companies announced a petrol hike of 0.23 paise and Rs 0.26 diesel per litre. Looking at Delhi, petrol and diesel has increased by Rs 1.74 and Rs 1.76 per litre respectively.

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For major metro cities across the country, petrol prices were hiked by 22-25 paise a litre while the price of diesel was raised by 23-27 paise. Kolkata saw a jump from Rs.82.13 a litre to Rs 86.87 a litre on Friday after a 24 paise hike while diesel is priced at 26 paise more and costs Rs.79.23 litre on Friday.

In Chennai petrol costs Rs.88.07per litre after a 22 paise hike while diesel costs Rs.80.90 per litre after a 23 paise hike.

State owned oil manufacturing companies had put a pause on hiking fuel prices, until they decided to go ahead with the hike on January 6th.




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