Fuel rates hiked again, diesel rises by highest margin

Gallery

MORE...

Sports

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

The 18-year-old, Chirag Chikkara clinched a gold medal in the men’s freestyle 57kg categ

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow

FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant

Ecuador ready to make history against Uruguay: Beccacece

Divanshi wins second gold as India sweep women's 25m standard pistol at Lima Junior Worlds

MORE...

Fuel rates hiked again, diesel rises by highest margin

Last Updated : 21 Oct 2021 11:26:16 AM IST

Fuel rates hiked again, diesel rises by highest margin

Petrol and diesel prices on Thursday rallied to their highest-ever levels across the country, as fuel rates were hiked again for a second consecutive day by the highest margin so far this year of upto 45 paise a litre.

According to a price notification of state-owned fuel retailers, the pump price of petrol in Delhi rose by 35 paisa to its highest-ever level of Rs 106.54 a litre while diesel prices rose by its highest margin so far this year of 45 paisa to Rs 95.27 a litre.

In the financial capital Mumbai, petrol prices have now risen to Rs 112.45 per litre while diesel to Rs 103.36 a litre, the highest among all metros.

In terms of price movement, diesel rates have increased on 21 out of the last 27 days taking up its retail price by Rs 6.75 per litre in Delhi.

The fuel is now available at over Rs 100 a litre in several parts of the country.

This dubious distinction was earlier available to petrol that had crossed Rs 100 a litre mark across the country a few months earlier.

Besides, petrol prices which had maintained stability since September 5 were finally raised last week.

Consequently, the petrol prices were raised on 18 of the previous 23 days taking up its pump price by Rs 5.35 per litre.

Crude price has been on a surge rising over three year high level of over $85 a barrel now as global demand remains firm while 'OPEC+' continues to move slowly on increasing production.

Since September 5 when both petrol and diesel prices were revised, the price of petrol and diesel in the international market is higher by around $9-10 per barrel as compared to average prices during August.