Petrol price in Mumbai has crossed Rs 103-per-litre mark in Mumbai on Friday, its highest level ever. After a day’s hiatus, the state-run oil marketing companies have revised the fuel prices on June 18. While petrol has become expensive by up to 26-27 paise, diesel is costlier by up to 28-30 paise on June 18, according to Indian Oil Corporation.
Fuel prices have been increasing since the beginning of last month. State-run companies resumed daily revisions on May 4 after an over 18-day halt. Since then petrol has risen by around Rs 6 per litre and diesel by around Rs 7 a litre. Thanks to consistent hike in the last one month, the retail price of petrol is above Rs 100-per-litre mark in at least 7 states and union territories — Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Ladakh and Karnataka.
Mumbai on May 29 became the first metro in the country where petrol was being sold at over Rs 100 a litre. Petrol now costs Rs 103.8 for a litre and diesel at Rs 95.14 per litre.
Hyderabad is the second metro city to see Rs 100 per litre petrol price. After today’s revision, a litre of petrol is priced at Rs 100.74 for a litre and diesel is being sold at Rs 95.59 per litre.