Petrol Price In Mumbai Hits A New High Since 2013 — Selling At Rs 81.93 Per Litre

In the last month, the highest recorded petrol price in Mumbai was Rs 81.41/litre on March 31, 2018. The lowest price was Rs 79.50 on March 1, 2018. Now in April, the petrol price in Mumbai has sore up and the motorists will feel the heat of the petrol price hike.

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From June 2017, the oil companies decided to hike prices of petrol and diesel on a daily basis as opposed to the 1st and 16th day of every month. Due to this development, the marginal price hike was made each day as per the oil prices and the increase in prices was not highlighted as it used to be in the past.

It's not only the petrol that has hit a new high, diesel price in Mumbai has gone up and has hit an all-time high. Currently, a litre of diesel in Mumbai costs Rs 69.54. Previously, the highest recorded price for diesel in Mumbai was Rs 67.26 on August 31, 2014.

In the national capital Delhi, the petrol is retailing at Rs 74.08/litre. In major cities such as Kolkata, Chennai and Bangalore, the petrol price stands at Rs 76.78/litre, Rs 76.85/litre and Rs 75.25/litre respectively.

In 2018, the petrol prices have sore up by Rs 4 per litre and the diesel price has gone up by Rs 5-6 per litre. The oil companies are free to set the prices of petrol and diesel as per international rates for crude oil. The government has no role in the pricing of the fuel except for the taxation part which is a major component of the fuel price.

Thoughts On The Petrol Price In Mumbai

The petrol price in Mumbai has recorded a new high since 2013 and the motorists will feel the extra heat in this summer. Diesel price in Mumbai has hit an all-time high and has made the situation worse. It seems like there is no respite to the consumers with rising fuel rates across the country.