Fuel rates touch record high, a litre of petrol now costs Rs 107.5 in Mumbai

Fuel prices across the country touched record highs on Thursday after a two-day pause, News18 reported.

In Delhi, petrol rates have been increased by 35 paise from Rs 101.19 per litre to Rs 101.5 per litre. Diesel has become costlier by 15 paise from Rs 89.72 per litre to Rs 89.87 per litre, according to Indian Oil Corporation

In Mumbai, a litre of petrol now costs Rs 107.5, which is a 34 paise hike from the last price point. The cost of petrol in Mumbai is currently the highest among all metros. Diesel rates stood at Rs 97.45 per litre.

The price of petrol in Chennai was Rs 102.23, while diesel cost Rs 94.39. In Kolkata, diesel is priced at Rs 93.0 and petrol costs Rs 101.7.

The petrol price has crossed Rs 100 in parts of Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, Bihar and Punjab, The Financial Express reported.

State-run oil marketing companies revise fuel rates to align domestic prices with the global crude rates.

This was the 40th hike in fuel prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision that they had observed during Assembly elections to four states and one Union Territory.

Opposition parties have severely criticised the Centre…

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