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Petrol, diesel prices rise to new high after fifth consecutive hike today – Economic Times

Petrol and diesel prices have again been increased today – the fifth time in a row, sending fuel prices to a new high.

Today, oil marketing companies have increased petrol and disel prices by 35 paise per litre. With this petrol prices in Delhi reached to Rs 109.34 per litre while diesel is now retailing at Rs 98.07 per litre in the national capital.

Mumbaikars will shell out Rs 115.15 & Rs 106.23 for petrol and disel respectively. Petrol and diesel are now retailing at Rs 109.79 & Rs 101.19 in Kolkata. In Chennai, petrol will cost you a bit less at Rs 106.04 a litre while for diesel you have to pay Rs 102.25 per litre.

Petrol and diesel cost much more in the interior parts of the country. According to a report of PTI, in the border district of Madhya Pradesh, petrol has already breached the Rs 121 mark.

Diesel prices have now increased on 29 out of the last 37 days taking up its retail price by Rs 9.55 per litre in Delhi.

With diesel price rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country. It is very close to breaching the mark even in Delhi where it had rapidly climbed to Rs 98.07 a litre on Sunday.

Petrol prices had maintained stability since September 5, but oil companies finally raised its pump prices last week and this week given a spurt in the product prices lately.

Petrol prices have also risen on 26 of the previous 33 days, taking up its pump price by Rs 8.15 per litre.

LPG prices are also expected to be hiked next week. LPG rates were last hiked by Rs 15 per cylinder on October 6, taking the total increase in rates since July to Rs 90 per 14.2-kg cylinder.

(With PTI and IANS Inputs)