Petrol and diesel prices continue to increase across the country as the leading petrol retailer in the country, Indian Oil, raised the country's fuel prices for the second consecutive day.
The price of petrol in Delhi grew to a record high of Rs 95,31 a liter per 28 paise. In Mumbai, the fuel price has been increased to an all-time high of Rs 101,52 a liter by 27 people. An all-time high of Rs 93.58 has also increased the diesel price from Rs 93.30 on Sunday. Monday's increase in the petrol and diesel prices was the fourth straight increase in June, the Indian Oil data showed.
Here are the latest fuel and diesel prices in India's metro cities:
Petrol prices have already surpassed the 100-mark Rs in parts of Madhya Pradesh and Rajasthan's cities. In the country, fuel rates vary due to value-added tax or VAT.
The state-owned oil marketing organizations, such as the Indian Oil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum, bring domestic fuel pricing into line with world crude oil prices, making any change in foreign exchange rates into consideration.
On the worldwide market, Oil fell back following the fresh rise over many years on Monday, as investors were waiting for the result of this week's negotiations between Iran and the global powers on a nuclear deal to boost crude supply.
Brent Crude Futures fell by 38 cents or 0.5% to $71.51 a barrel by 0519 GMT for August, its highest since May 2019 after reaching 72.27 dollars. For the first price since October 2018, the July intermediate US West Texas crude was $70, down 30 cents or 0.4 percent by a barrel of $69.32.