Petrol, diesel prices in Mumbai rise for second consecutive day; check rates here

Petrol price crosses Rs 94 mark for the first time in Mumbai

Petrol and diesel prices rose for the second consecutive day across the country on Wednesday.

After the latest hike, petrol price in Mumbai now stands at Rs 94.12 per litre while that of diesel is Rs 84.63.

In the national capital, one litre of petrol is priced at Rs 87.60 while the price of diesel is Rs 77.73. At present, they are retailing at record high levels in the country.

Also, this is for the 14th time that petrol and diesel prices have increased in the year 2021.

Auto fuel prices vary from state to state depending on the local sales tax or VAT.

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On Tuesday, the prices were revised after a week-long pause by 30 paise after February 5.

In Chennai, the price of petrol, on Wednesday, stood at Rs 89.96 per litre whereas in Kolkata it was Rs 88.92. On the other hand, diesel was priced at Rs 82.90 in Chennai and Rs 81.31 in Kolkata.

The last few increases in pump prices of 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 at $80 a barrel.

The current price rise is largely on account of a steep increase in central taxes of petrol and diesel and firm crude prices. The budget has also imposed a new agriculture infrastructure and development cess.