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Surge in fuel prices affects many as Mumbai sells petrol at Rs 94.64/l English.Lokmat.com

Surge in fuel prices affects many as Mumbai sells petrol at Rs 94.64/l

Petrol and diesel prices have risen again sharply on the back of a surge in global crude prices that ...
Surge in fuel prices affects many as Mumbai sells petrol at Rs 94.64/l

Petrol and diesel prices have risen again sharply on the back of a surge in global crude prices that has taken it above $ 61 a barrel mark.

The oil marketing companies on Friday decided to continue raising the price of petrol with the pump price increasing by 28 paise and 38 paise per litre respectively in Mumbai. "Spending Rs 150 daily on petrol. 40-50% of salary gets spent on fuel itself. Situation has worsened after the lockdown," said a local.

The increase has taken petrol price in Mumbai closer to Rs 100 a litre with its retail price now reaching Rs 94.64 a litre. Diesel is also most expensive in Mumbai at Rs 85.32 a litre.

The petrol and diesel prices have increased 15 times in 2021 with the two auto fuels increasing by Rs 4.14 and Rs 4.16 per litre respectively so far this year.

The last few increases in pump prices in petrol and diesel has taken its price to record levels across the country in all major metro cities and other towns. The last time the retail price of auto fuels were closer to current levels was on October 4, 2018 when crude prices had shot up up $ 80 a barrel.

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