Diesel Breaks Rs100 Barrier In Mumbai, Fuel Prices Rise Again, Energy News, ET EnergyWorld

New Delhi: Mumbai on Saturday became the first metropolitan city in the country to see diesel prices cross the 100 rupees per liter mark after the further increase in fuel prices. The price of gasoline was increased by 30 paise per liter and that of diesel by 35 paise per liter, according to a price notification from state-owned fuel retailers.

The fifth consecutive day of rising prices pushed fuel prices to a new record high.

In Mumbai, diesel now costs 100.29 rupees per liter; while in Delhi it costs Rs 92.47.

The price of gasoline in Delhi hit an all-time high of Rs 103.84 per liter and Rs 109.83 per liter in Mumbai, according to the notification.

Prices differ from state to state depending on the incidence of local taxes.

Abandoning the policy of modest price changes, state-owned fuel retailers have since Wednesday started to pass the larger cost impact on to consumers. For four consecutive days, the price of gasoline was increased by 30 paise per liter and that of diesel by 35 paise, the largest rate hike.

Indeed, the international benchmark Brent crude soared to over $ 82 per barrel after OPEC + decision not to increase production by more than 0.4 million barrels per day, fuel tariffs are increased in a greater proportion.

A month ago, Brent was around $ 72 a barrel.

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

Soaring international oil prices ended a three-week rate hiatus on September 28 for gasoline and September 24 for diesel.

Since then, diesel prices have increased by 3.85 rupees per liter and the price of gasoline has increased by 2.65 rupees.

Before the July / August price cuts, the price of gasoline was increased by Rs 11.44 per liter between May 4 and July 17. The price of diesel had increased by Rs 9.14 during this period. PTI ANZ HRS hours

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