Petrol, diesel prices hiked for second day in row; Check latest rates here

Petrol and diesel prices continue to scale new highs in the country as they were hiked for the sixth time on July 8, despite a fall in crude oil prices in international markets.

Petrol price was increased by 34-35 paise, likewise, diesel prices have been increased by 0.09 paise.

With this, in Mumbai, the revised petrol and diesel prices stand at INR 106.59 per litre and INR 97.18 per litre.

Also Read: All you need to know about the recent hike in petrol and diesel prices

Meanwhile, the highest rate of petrol is now being sold at INR 108.88 per litre (an increase of 25 paise). While diesel costs INR 98.40 (unchanged) in Madhya Pradesh's Bhopal.

Here’s the list of cities

This was the 38th hike in fuel prices since 4 May, when oil companies revised the rates after observing an 18-day hiatus during assembly elections in five states and a UT.

Since then, the price of petrol has risen by INR 10.16 per litre and diesel by INR 8.83 a litre.

The national capital had on Wednesday become the last of the metro cities to see auto fuel rising above the INR 100-a-litre mark. It has crossed the psychological mark in at least 10 state capitals so far.

Brent crude oil futures were down 43 cents, or 0.6 per cent, at $73 a barrel by 7:22 am. US West Texas Intermediate futures were down 51 cents, or 0.7 per cent, at $71.69 a barrel.

According to reports, brent prices have fallen about 5.3 per cent since Monday's close after talks between the Organization of the Petroleum Exporting Countries and its allies, including Russia, known as OPEC+, fell apart when de facto leader Saudi Arabia refused demands from the United Arab Emirates to raise its output under the group's supply cut agreement.

Also Read: Maharashtra Govt Asks Centre to Bring Petrol, Diesel under GST Regime