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Fuel prices at record high; Petrol breaches Rs 99/litre in Mumbai

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  Under the new found preference for revising fuel prices every alternate day, the Oil and marketing companies (OMCs) raised the pump prices of petrol and diesel yet again on Tuesday. Accordingly, the price of petrol increased by 27 paise per litre to Rs 92.85 a litre in Delhi while diesel price increased a tad higher by 29 paise to Rs 83.51 a litre on Tuesday. Across the country as well the petrol and diesel prices increased between 25-30 paise per litre on Tuesday but its actual retail prices varied depending on the level of local levies in respective states. The OMCs are following the practice of changing petrol and fuel rates every alternate day rather than undertaking changes on a daily basis for past few days. Accordingly, the Tuesday's price hike came after there was no change on Monday. Read More

Petrol price stable at Rs 90.93 in New Delhi, Diesel unchanged at Rs 81.32

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  Petrol price on Wednesday remained stable at Rs 90.93 per litre in the national capital and diesel price unchanged at Rs 81.32, according to a price notification from oil marketing companies. In Mumbai, petrol price stood at Rs 97.34 per litre--the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 92.90. Diesel was retailing at Rs 86.31 in the city. In Bengaluru, petrol and diesel prices stayed at Rs 93.98 and Rs 86.21 respectively. Last week, petrol prices breached the Rs 90-a-litre mark to touch an all-time high of Rs 90.19 in the national capital after the rate was hiked by 31 paise. Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates. This stability has comes amid an outcry over record high fuel prices. Read More