Petrol price surpassed the Rs. 91 per litre mark in some cities in Maharashtra on Monday and crossed the crucial Rs. 90 mark in Mumbai. While a litre of petrol was sold for Rs. 90.08 in Mumbai, rates soared to as much asRs. 91.91 in some districts of Maharashtra, reported news agency Indo-Asian News Service (IANS). The highest petrol prices logged in various Maharashtra cities included Rs. 91.61 per litre in Nanded, Rs. 91.31 per litre in Amravati, Rs. 91.14 per litre in Ratnagiri and Rs. 91.01 per litre in Jalgaon, said Federation of Maharashtra Petroleum Dealers Association (FAMPEDA) President Uday Lodh.
Fuel prices rose between 5 paise and 12 paise across the four metro cities, Delhi, Kolkata, Mumbai and Chennai, in line with global oil prices and a weakening rupee. Petrol was sold for Rs. 82.72/litre in Delhi, Rs. 84.54/litre in Kolkata, and for Rs.85.99/ litre in Chennai, according to Indian Oil Corporation (IOC). A litre of diesel was sold for Rs. 78.58 per litre in Mumbai, Rs. 74.02 in Delhi, Rs. 75.87 in Kolkata and Rs. 78.26 in Chennai, according to iocl.com, the website of IOC, the largest fuel retailer of the country.Read more ↓
These petrol, diesel rates came into effect from 6 am on Monday.
On Sunday, a litre of petrol was sold at Rs. 82.61 in Delhi, Rs. 84.44 in Kolkata, Rs. 89.97 in Mumbai and Rs. 85.87 in Chennai. A litre of diesel was sold at Rs. 73.97 in New Delhi, Rs. 75.82 in Kolkata, Rs. 78.53 in Mumbai, and Rs. 78.20 in Chennai.
The rise in petrol prices was 11 paise each in Delhi and Mumbai, 10 paise in Kolkata and 12 paise in Chennai. The increase in diesel prices was 5 paise each in Delhi, Kolkata and Mumbai and 6 paise in Chennai.
Meanwhile, news agency Reuters, citing sources, reported that the government is considering reducing oil purchases to mitigate the pain of high crude prices and the declining rupee. India is the world’s third-biggest oil importer. The country meets more than 80 per cent of its oil requirements through imports.
Globally, oil prices rose as US markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran, with American bank J.P. Morgan warning of price spikes above $90 per barrel in coming months.
Brent crude futures were at $79.71 per barrel at 0138 GMT or 7:08 am IST, up by 91 cents, or 1.2 per cent.