Prices of petrol and diesel are at an all-time high in India after oil marketing companies (OMCs) increased fuel prices on Wednesday after keeping them unchanged on Tuesday. The petrol prices were raised by 22-25 paise per litre and diesel prices were hiked by 12-14 paise per litre across cities.
As a result, prices of petrol and diesel increased to Rs 96.66 and Rs 87.41 per litre in Delhi, while in Mumbai, the petrol price changed to Rs 102.82 per litre and that of diesel advanced to Rs 94.84 a litre.
In Kolkata, retail pump petrol was sold at Rs 96.58 per litre and diesel at Rs 90.25 per litre following the price rise. Chennai also saw an increase in both key fuel prices with petrol rising near to Rs 98 per litre and diesel crossing Rs 92 for a litre.
Petrol, diesel prices have been hiked by up to Rs 7 per litre since May 3 and by Rs 14.33 per litre so far this year.
On the global front, Brent gained for a fifth consecutive session on Wednesday amid talks dragging over Iran-US nuclear agreement. Brent crude was trading at $72.91 per barrel, while the West Texas Intermediate (WTI) at $70.94 per barrel.