Petrol, diesel prices rise again; reach new highs on Friday

Rozana Spokesman

News, Business

Petrol and diesel prices rose sharply again on Fridayreaching new all-time high levels as oil marketing companies decided to break the pause

Petrol and Diesel

New Delhi: Petrol and diesel prices rose sharply again on Friday reaching new all-time high levels as oil marketing companies decided to break the pause in revision of auto fuel prices.

Accordingly, the pump price of petrol increased between 22-25 paise per litre across all major metros on Friday while diesel price increased between 23-27 paise per litre.

Diesel on the other hand faced sharper increase, rising by 27 paise a litre in Mumbai from previous day level of Rs 82.13 a litre to Friday's retail price of Rs 82.40 a litre. In Delhi, diesel rose 25 paise per litre to Rs 75.63 a litre.

The increase in the petrol and diesel prices is the third such revision this week.

With Friday's revision, the pump price of petrol and diesel has now increased by Rs 1.74 and Rs 1.76 per litre respectively in January so far.

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.

Oil companies' executives said petrol and diesel prices may increase further in coming days.