1. Home
  2. Business
  3. Petrol price hiked for 4th straight day, hits ₹111.77/litre in Mumbai

Petrol price hiked for 4th straight day, hits ₹111.77/litre in Mumbai

By Priyanka Verma 
Updated Date
Petrol price hiked for 4th straight day, hits ₹111.77/litre in Mumbai

Petrol and diesel prices continued to rise across the country for the fourth consecutive day on Sunday.In Delhi, petrol and diesel prices were raised by ₹0.35 to ₹105.84 per litre and ₹94.57 per litre respectively. For the fourth consecutive day, the rates of petrol and diesel were increased by ₹0.35 in the national capital.

Also Read :- OYO appoints SBI's ex-Chairman Rajnish Kumar as Strategic Group Advisor

In Mumbai, petrol prices increased by ₹0.34 to ₹111.77 while the cost of diesel increased by ₹0.37 to ₹102.52.

Petrol and diesel have been priced at ₹106.43 per litre and ₹97.68 per litre respectively in West Bengal’s Kolkata. In Chennai, petrol and diesel cost ₹103.01 per litre and ₹98.92 per litre respectively.

In Bengaluru, petrol is available at ₹109.53 per litre and diesel at ₹100.37 and in Hyderabad, one litre of petrol is now available at ₹110.09 and diesel cost ₹103.08 for one litre of diesel.

Since ending of a three-week long hiatus in rate revision in the last week of September, this is the 16th increase in petrol price and the 19th time that diesel rates have gone up.

Also Read :- India's GDP grows by 8.4% in Q2 of FY22 against record 20.1% growth in last quarter

While petrol price in most of the country is already above ₹100-a-litre mark, diesel rates have crossed that level in a dozen states/UT including Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chattisgarh, Bihar, Kerala, Karnataka and Ladakh.

Oil companies started raising auto fuel prices over a week ago. The pause on the prices on October 12 and 13 came after a seven-day consecutive rise. Today, the prices were raised for the fourth consecutive day after a two-day pause.

Being a net importer of oil, India prices petrol and diesel at rates equivalent to international prices.

The surge in international oil prices ended a three-week hiatus in rates on September 28 for petrol and September 24 for diesel.

Since then, diesel rates have gone up by ₹5.6 per litre and petrol price has increased by ₹4.30 a litre.

Also Read :- India's retail inflation rises marginally to 4.48% in Oct; IIP grows 3.1% in Sep

Prior to that, the petrol price was increased by ₹11.44 a litre between May 4 and July 17. Diesel rate had gone up by ₹9.14 a litre during this period.

Further reading:
For the latest news and reviews, follow us on Facebook and Twitter ...