New Delhi, October 17
Petrol and diesel prices were again hiked by 35 paise a liter on Sunday and auto fuels now cost a third more than the rate at which ATF is sold to airlines.
The fourth straight day of 35 paise per liter hike took petrol and diesel rates across the country to a record high.
According to a price notification by state-owned fuel retailers, petrol price touched its all-time high of Rs 105.84 per liter in Delhi and Rs 111.77 per liter in Mumbai.
Diesel now costs Rs 102.52 per liter in Mumbai; Whereas its price in Delhi is Rs 94.57.
With this hike, petrol is now priced at Rs 100 or more in all state capitals, while diesel has touched the 100 mark in over a dozen states. Diesel crossed the Rs 100 per liter mark in Bengaluru, Daman and Silvassa.
The price of petrol used in two-wheelers and cars is now 33 per cent higher than the price at which Aviation Turbine Fuel (ATF) is sold to airlines. The ATF price in Delhi is Rs 79,020.16 per kiloliter or Rs 79 per litre.
The costliest fuel is in the border town of Ganganagar in Rajasthan where petrol is priced at Rs 117.86 per liter and diesel at Rs 105.95 per litre.
This is the 16th hike in petrol prices and 19th in diesel prices since the end of the three-week long gap in rate revision in the last week of September.
While the price of petrol is already above Rs 100 per liter in most parts of the country, diesel rates in more than a dozen states/UTs including Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chhattisgarh crossed that level. , Bihar, Kerala, Karnataka and Ladakh.
Prices vary from state to state depending on the incidence of local taxes.
Barring a minor price change policy, state-owned fuel retailers have started passing on major cost events to consumers from October 6.
This is because the international benchmark Brent crude is trading at $84.8 per barrel for the first time in seven years.
A month ago, Brent was trading at $73.51.
Being a net importer of oil, India keeps petrol and diesel prices at par with international prices.
The jump in international oil prices ended a three-week hiatus in rates for petrol on September 28 and diesel on September 24.
Since then the price of diesel has increased by Rs 5.95 per liter and that of petrol by Rs 4.65.
Earlier, between May 4 and July 17, the price of petrol was increased by Rs 11.44 per liter. During this, the price of diesel was increased by Rs 9.14. PTI