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Fuel prices hike paused after a week

The price pause came after fuel prices rose consistently for the past seven days taking the rates to all-time high levels. The prices of petrol and diesel remained steady on 4 October, but saw a hike after that.

IANS | New Delhi |

Petrol and diesel price rise went on pause on Tuesday much to the relief of consumers faced with unprecedented increase in auto fuel prices for the past one month that has taken retail rates to record high levels across the country.

Accordingly, in the national capital, petrol continues to be sold at Rs 104.44 per litre and diesel at Rs 93.17 per litre, the same levels as Monday.

In India’s financial capital, Mumbai, where petrol became costlier by 29 paise per litre on Monday, its retail rate remained static at Rs 110.41 on Tuesday, the highest across all the four metro cities. Diesel also costs Rs 101.03 for one litre in Mumbai.

The price pause came after fuel prices rose consistently for the past seven days taking the rates to all-time high levels. The prices of petrol and diesel remained steady on 4 October, but saw a hike after that.

Diesel prices have increased on 15 out of the last 18 days before Tuesday’s pause taking up its retail price by Rs 4.55 per litre in Delhi. The prices of diesel has increased between 20-30 paisa per litre so far, but since Wednesday it has been increasing by 35 paise per litre.