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Fuel prices touch record highs, petrol crosses Rs 99-mark in Mumbai

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Petrol and diesel prices touched a record high on Tuesday after domestic fuel rates were increased, reported The Indian Express.

In Mumbai, petrol crossed the Rs 99-mark. It now costs Rs 99.14 per litre, while diesel is priced Rs 90.7 in the financial capital. The price of petrol in Delhi is Rs 92.85, while diesel is selling at Rs 83.51. In Chennai, petrol costs Rs 94.54 a litre and diesel Rs 88.34, reported NDTV. The price of petrol in Kolkata is Rs 92.92 and diesel costs Rs 86.35.

This is the tenth increase since May 4, when state-owned oil companies raised the prices for the first time in 66 days. There had been no increase since February 27, a day after the Election Commission announced elections in four states and one Union Territory. In fact, prices were reduced on multiple occasions in March and April but two days after the election results were announced, the rates were increased.

Since May 4, petrol price has increased by Rs 2.45 per litre and diesel by Rs 2.78 in Delhi. The price of petrol has already crossed the Rs 100-mark in several cities of Maharashtra, Rajasthan and Madhya Pradesh. Last week, Bhopal became the first state capital to cross the…

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