New day, new high: Petrol, diesel prices hiked again after a day's pause

There seems no stopping of the spiralling fuel prices in the country as oil companies have increased the price of petrol and diesel once again on Friday, after deciding to pause for just one day.

After a gap of just one day, hike in petrol and diesel prices continue. (Bloomberg)
After a gap of just one day, hike in petrol and diesel prices continue.

Petrol and diesel prices had remained unchanged on Thursday, after three continuous days of hikes starting Monday (May 10). In the previous week too, the fuel prices were hiked for three straight days before pausing over the weekend.

According to the latest pricing, one litre of petrol will now cost 92.34 per litre and diesel will cost 82.95 per litre. In Mumbai, petrol and diesel prices have been revised to 98.65 and 90.11 per litre respectively. In Kolkata, petrol price today is at 92.44 per litre while diesel will cost 85.79 per litre. In Chennai, petrol and diesel prices now stand at 94.19 and 87.81 per litre respectively.

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Bhopal remains one of the major cities in India where petrol price has shot beyond the three-figure mark. While petrol now costs 100.38 in this city, the price of diesel is not too far either at 91.31 per litre. Petrol price in Sri Ganganagar, Rajasthan, stands at 103.27 per litre today, while diesel price has been revised to 95.70.

The latest price hike is the eighth time the oil companies decided to revise prices since May 4. So far this month, petrol price has increased by 1.94 per litre and diesel has shot up by 2.22 in the national capital.

Earlier, price revision of petrol and diesel was put on hold for more than a month. The oil companies had hiked fuel prices for the last time on March 24, just before the assembly elections began in five states in the last week of the month. Incidentally, then next hike came a day after the poll results were declared on May 2.

The recent spate of price hikes since last week has alreadt erased all the reduction in fuel prices made during the four downward price revisions between March 24 and April 15.

First Published Date: 14 May 2021, 10:53 AM IST
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