Petrol price on Friday crossed Rs 92 a litre mark in Mumbai, while diesel touched an all-time high after rates were raised for the third time this week.
According to a price notification from oil marketing companies, petrol and diesel prices were hiked by 25 paise per litre each on January 18 and 19.
This took the petrol price in Delhi to Rs 85.45 per litre and Rs 92.04 in Mumbai.
This is the third price hike in last 20 days as oil marketing companies announced hike of Rs 0.23 for petrol and Rs 0.26 diesel per litre on January 7. The prices of petrol and diesel have increased by Rs 1.74 and Rs 1.76 per litre so far respectively in Delhi.
The price hike came as a result of resumption of daily price revisions by state-owned fuel retailers like Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) starting January 6 after nearly a month-long hiatus.