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Mumbai fuel witnesses a price hike again

In the latest revision, the retail price of petrol is now Rs. 81 per litre whereas diesel is Rs. 71.92 per litre.

Mumbai fuel witnesses a price hike again
SHARES

Petrol and diesel prices were hiked on Thursday, taking the overall increase in the month of June to Rs. 4.50 per litre. Up by 58 paise and 57 paise respectively in the latest revision, the retail price of petrol is now Rs. 81 per litre whereas diesel is Rs. 71.92 per litre.

The hike in the petrol and diesel prices are being attributed to the hike in global crude oil prices although the downward trend prior to the surge did not translate into any benefits for the customers. The conflict brewing in the Middle East has pushed the prices of crude oil in the international market. The tension dispute took place when the United States confirmed the assassination of Iranian commander Qassem Soleimani. There was even conjecture being made regarding this and how it had the potential to trigger World War III. All these further resulted in the price of crude oil to rise. However, the situation has been looking better now and it is expected that this may bring about relaxation in the prices.

In Mumbai, there are 243 Petrol Pumps out of which 223 pumps are run by dealers while 20 are company-owned. The business for these petrol pumps has been slow the last couple of months as a consequence of the extended lockdown which was imposed in the city of Mumbai due to the coronavirus. The air pollution too had gone down considerably as cars and personal vehicles stopped venturing out on the roads. However, as the lockdown relaxations begin in the state of Maharashtra, cramped up roads were witnessed on highways and the roads of the city.

Down below are the petrol prices of the last four days.

Date

Petrol Price      

Change

Jun-12

81.53 ₹/L

0.55

Jun-11

80.98 ₹/L

0.58

Jun-10

80.40 ₹/L

0.39

Jun-09

80.01 ₹/L

0.51

Down below are the diesel prices of the last four days.

Date

Petrol Price     

Change

Jun-12

71.48 ₹/L

0.56

Jun-11

70.92 ₹/L

0.57

Jun-10

70.35 ₹/L

0.43

Jun-09

69.92 ₹/L

0.55


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