Petrol and diesel prices were hiked for the fourth time this month on Monday, with petrol prices rising by Rs. 2.61 per litre and diesel by Rs. 2.71 per litre.
The latest increase comes amid continued uncertainty in the global energy market, with no breakthrough in the US-Iran talks and the crucial Strait of Hormuz remaining closed, raising concerns over crude supply disruptions.
With this revision, the cumulative increase in petrol and diesel prices has climbed to nearly Rs. 7.5 per litre since daily fuel price revisions resumed on May 15 after a prolonged freeze.
In Delhi, the price of petrol has been increased by Rs. 2.61 from ₹99.51 to ₹102.12 per litre, while diesel prices have gone up by Rs. 2.71 from ₹92.49 to ₹95.20 per litre.
This is the first time in four years (after May 21, 2022, when petrol sold for ₹105.41 per litre) that the retail price of petrol has crossed the ₹100 mark.
In Mumbai, petrol is now retailing at ₹111.21 per litre after a hike of Rs. 2.72, while diesel prices have risen by Rs. 2.81 to ₹97.83 per litre.
