AgenciesFuel prices remained unchanged on Tuesday after two consecutive hikes on Sunday and Monday took them to record high with petrol just shy of the Rs 100 mark in Delhi.
Petrol is selling at Rs 99.86 a litre while diesel costs Rs 89.36 a litre in the national capital. Petrol prices were raised by 35 paise on Monday while diesel prices were kept unchanged.
Fuel prices are on an upward trajectory for the last two months as Oil Marketing Companies revise them in accordance with the global crude oil prices which have surged on the back of renewed global demand.
In the last 61 days, prices have been increased on 32 days even as global crude oil hovers around $77 a barrel.
Officials said that the fuel prices might again rise in the coming days and the only way retail prices could be brought down in this period is by way of tax cuts by both the Centre and states.
The rise is also expected as oil cartel OPEC has failed to reach any agreement on raising production to meet the rising demand for oil.
Fuel prices are already touching new highs everyday. Petrol price is most expensive in Rajasthan's Sri Ganganagar where it is now retailing at Rs 110.85. Even diesel in the city is priced at a high of Rs 102.33 a litre.
In the financial capital Mumbai, petrol price now stands at Rs 105.92 while diesel costs Rs 96.91, data available on 's website showed. In Chennai too, petrol has hit a century with pump prices being Rs 100.75 a litre.
(With inputs from IANS)
Petrol is selling at Rs 99.86 a litre while diesel costs Rs 89.36 a litre in the national capital. Petrol prices were raised by 35 paise on Monday while diesel prices were kept unchanged.
Fuel prices are on an upward trajectory for the last two months as Oil Marketing Companies revise them in accordance with the global crude oil prices which have surged on the back of renewed global demand.
In the last 61 days, prices have been increased on 32 days even as global crude oil hovers around $77 a barrel.
Officials said that the fuel prices might again rise in the coming days and the only way retail prices could be brought down in this period is by way of tax cuts by both the Centre and states.
The rise is also expected as oil cartel OPEC has failed to reach any agreement on raising production to meet the rising demand for oil.
Fuel prices are already touching new highs everyday. Petrol price is most expensive in Rajasthan's Sri Ganganagar where it is now retailing at Rs 110.85. Even diesel in the city is priced at a high of Rs 102.33 a litre.
In the financial capital Mumbai, petrol price now stands at Rs 105.92 while diesel costs Rs 96.91, data available on 's website showed. In Chennai too, petrol has hit a century with pump prices being Rs 100.75 a litre.
(With inputs from IANS)
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