In 15th Fuel Price Hike This Month, Petrol Crosses Rs 100 Mark In Mumbai

In 15th Fuel Price Hike This Month, Petrol Crosses Rs 100 Mark In Mumbai

The petrol rates had already crossed the ₹ 100-mark in several cities of Madhya Pradesh and Rajasthan.

On May 29, Saturday, petrol and diesel prices were hiked across the four metros. Petrol prices, in the national capital Delhi, were raised by 26 paise from Rs 93.68 per litre to ₹ 93.94 per litre, while diesel prices were increased by 28 paise from ₹ 84.61 per litre to ₹ 84.89 per litre, as per Indian Oil Corporation. After state-run oil refiners ended an 18-day hiatus in rate revision observed during assembly elections in states such as Tamil Nadu, West Bengal, this is the 15th increase in fuel prices since May 4.

In financial capital Mumbai, petrol prices crossed Rs 100 mark, with the new petrol prices standing at ₹ 100.19 per litre. Moreover, the petrol rates had already crossed the ₹ 100-mark in several cities of Madhya Pradesh and Rajasthan. Due to value-added tax or VAT, fuel rates vary across the states in the country.

Latest petrol and diesel prices across four metro cities:

IndianOil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum, the state-run oil marketing companies, align the rates of domestic fuel with that of global crude oil prices by taking into account any changes in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.

Meanwhile, on Friday, May 28, Brent crude futures, the global oil benchmark, advanced 0.30 per cent to $ 69.67 per barrel. The rupee continued its three-day winning streak to gain 15 paise at 72.45 against the US dollar on Friday, NDTV reported.


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