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Petrol prices cross 110 a litre in Mumbai

After Mumbai and Hyderabad, diesel rates crossed the ₹100 per litre mark in Gandhinagar, the capital of Gujarat, and in the Union Territory of Leh

Updated on: Oct 10, 2021, 12:15:55 IST
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Petrol crossed 110 a litre mark in Mumbai on Sunday and was selling at 110.12, while diesel was selling at 100.66 a litre following an increase in retail prices by 29 and 37 paise respectively for the two automobile fuels. Petrol was priced at 109.83 a litre on Saturday in the city. Fuel prices have been raised on all six consecutive days up to October 10.

Fuel prices have been raised on all six consecutive days up to October 10. (HT PHOTO)
Fuel prices have been raised on all six consecutive days up to October 10. (HT PHOTO)

Mumbai on Saturday became the first metro city in the country to see diesel prices cross the 100 per litre mark after fuel prices were hiked again.

Fuel prices had last dropped in the city at the beginning of September. On 31 August, a litre of petrol was priced at 107.52 while one litre of diesel was available at 96.48. On September 1, the prices dropped marginally to 107.39 for a litre of petrol and 96.33 a litre for diesel. Prices further dropped on September 5 when petrol was available for 107.26 and diesel for 96.19. Petrol crossed the 100 per litre mark in Mumbai on May 29.

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Prices differ from state to state depending on the incidence of local taxes.

State-owned fuel retailers have since Wednesday started passing on the larger incidence of cost to consumers. This is because the international benchmark Brent crude has soared to over USD 82 per barrel after the decision by OPEC+ not to increase output more than 0.4 million barrels per day.

 
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