In a first, both petrol and diesel now cost more than Rs 100 a litre in Sri Ganganagar

Sri Ganganagar has become the first city in India where both petrol and diesel now cost more than Rs 100 a litre.

Fresh hikes on Saturday by Oil Marketing Companies pushed the prices of diesel above the Rs 100-mark in Sri Ganganagar, a city located close to the India-Pakistan border.

Petrol now retails at Rs 107.23 a litre while diesel costs Rs 100.06 a litre.

On Saturday, OMCs raised the price of petrol and diesel by 22-32 paisa per litre across the country

In Mumbai, where petrol prices crossed Rs 100-mark for the first time ever on May 29, the fuel price reached new high of Rs 102.36 per litre on Saturday. Diesel prices also increased in the city to reach Rs 94.45 a litre, the highest among metros.

Across the country as well petrol and diesel prices increased on Saturday but its retail prices varied depending on the level of local taxes in different states.

With Saturday’s price hike, fuel prices have now increased on 23 days and remained unchanged on 20 days since May 1. The 22 increases has taken up petrol prices by Rs 5.72 per litre in Delhi. Similarly, diesel have increased by Rs 6.26 per litre in the national capital.

With global crude prices also rising on a pick up demand and depleting inventories of worlds largest fuel guzzler — US, retail prices of fuel in India is expected to firm up further in coming days.

(With IANS inputs)


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