Petrol reaches all-time high of Rs 92.04 a litre in Mumbai

Petrol price in Delhi has touched its record high reaching Rs 85.45 per litre today morning after petrol and diesel prices were hiked almost 25 paise per litre by oil companies.

The cost of petrol per litre in Mumbai is also at its record high of Rs 92.04.

The prices on Thursday were Rs 85.20 per litre for petrol in Delhi. Diesel, on the other hand, is retailing at Rs 75.63 per litre, 25 paisa more than previous price.

The fuel prices breached its record high at Rs 84.95 per litre on the morning of January 18 after petrol and diesel prices were hiked by 25 paise/ litre by oil companies. The cost of petrol per litre in Mumbai was priced at Rs 91.56. Diesel prices in the two cities are now at Rs 75.13 per litre in Delhi and Rs 81.87 per litre in Mumbai.

This is the third price hike in last 20 days as oil marketing companies announced hike of Rs 0.23 for petrol and Rs 0.26 diesel per litre on January 7. The prices of petrol and diesel have increased by Rs 1.74 and Rs 1.76 per litre so far respectively in Delhi.

The price hike came as a result of resumption of daily price revisions by state-owned fuel retailers like Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) starting January 6 after nearly a month-long hiatus.