Petrol price on Friday was hiked by 30 paise a litre and diesel by 35 paise per litre as domestic fuel prices witnessed possibly the largest rally in rates.
The price of petrol in Delhi rose to its highest-ever level of Rs 103.54 a litre and Rs 109.54 per litre in Mumbai, according to a price notification of state-owned fuel retailers.
Diesel rates too touched a record high of Rs 92.12 in Delhi and inched closer to the Rs 100-a-litre mark in Mumbai. It currently costs Rs 99.92 a litre in Mumbai
.Prices differ from state to state depending on the incidence of local taxes.
Shedding its modest price change policy, state-owned fuel retailers have since Wednesday started passing on the larger incidence of cost to consumers. For three days in a row, petrol price has been hiked by 30 paise a litre and diesel by 35 paise – the biggest rally in rates.
Despite the rise in international crude oil prices domestic taxes on fuel have not been cut by the government.
(With inputs from PTI)