After a day s lull, the oil marketing companies (OMCs) on Thursday hiked the petrol price to a new high while the diesel price remained unchanged in metros across India. While rates were not changed on Wednesday, a 0.06 paise per litre hike in petrol price came into effect in Delhi Thursday, according to a price notification of state-owned oil marketing companies.
On Saturday, petrol price in Mumbai hit an all-time high of Rs 102.36 per litre, while diesel cost Rs 94.45/litre, highest among the metros. In Delhi, the petrol prices touched a whopping Rs 96.12 a litre, while diesel is being sold at Rs 86.98 per litre.
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MUMBAI: Petrol price soared to a 25-month high of 90.6 a litre in Mumbai on Wednesday, while diesel shot up to an all-time high of Rs 80.78.
After a lull for nearly a month, petrol rate was hiked by 26 paise at city fuel pumps. Diesel went up by 27 paise. Both auto fuels have risen by more than Rs 14 over the last 10 months one of their steepest in recent years. The prices rose in Thane and Navi Mumbai too, with petrol retailing at Rs 90.72/litre and diesel at Rs 80.9.
Various factors, including rupee to dollar exchange rate, cost of crude oil, global cues and demand for fuel, impact their price. The price includes excise duty, VAT and dealer commission.