Nation/City

PETROL AND DIESEL PRICES ARE AT AN HIKE DIESEL CROSSES RS.100 IN MUMBAI

PETROL AND DIESEL PRICES ARE AT AN HIKE DIESEL CROSSES RS.100 IN MUMBAI

Petrol and Diesel prices were the new record on Saturday, October 9 as the rates were hiked by 30 paise from ₹ 103.54 per litre to ₹ 103.84 per litre, while diesel rates were hiked by 35 paise from ₹ 90.12 to ₹ 90.47, according to the Indian Oil Corporation. The prices differ from state to state depending upon the local taxes. India being the net importer of the fuels to meet nearly 85 per cent of its oil needs, the prices of the fuels are equivalent to the international prices of petrol and diesel. In Mumbai, petrol is currently being sold at ₹ 100.29 per litre.The price of petrol in Delhi has been increased by 30 paise per litre, bringing it to Rs 104.23. Diesel costs 95.58 rupees per litre in Kolkata on Saturday, a 35-paisa increase. In Chennai, the price of petrol and diesel has risen by 26 paise to Rs 101.27 and 96.93 per litre, respectively. Out of Delhi, Mumbai, Chennai and Kolkata, fuel rates are the highest in Mumbai. The oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum change their fuel rates depending on the prices of crude oil in the International market and Dollar-Rupee exchange rate. Any changes in the prices of the fuels take place  at 6 am every day. Three days  consecutively  the prices of petrol have been hiked by 30 paise a litre and diesel by 35 paise which has been the biggest hike in the rates.