According to a price statement by state-owned fuel merchants, petrol and diesel prices remained steady on June 28 after reaching fresh record highs the day before. Indian Oil, Bharat Petroleum, and Hindustan Petroleum, all state-owned oil marketing businesses, align domestic fuel prices with global crude oil prices by factoring in changes in foreign exchange rates. Every day, at 6 a.m., any increases in fuel prices go into effect.
The hike on June 27 and the 31st in less than two months, pushed rates throughout the country to new highs, with Bihar becoming the latest state to see fuel prices surpass Rs 100 per litre. Petrol prices have risen by Rs 8.06 per litre in 31 rises, while diesel prices have climbed by Rs 8.37 per litre.
Petrol hit an all-time high of 98.46 per litre in Delhi on the day, while diesel was priced at 88.90 per litre.
In Mumbai, a litre of petrol costs 104.56 rupees, while diesel costs 96.42 rupees.
In Chennai, the price of petrol was 99.49 per litre while the price of diesel was 93.46 per litre.
In Kolkata, the cost of a litre of petrol was 98.30 rupees, while the cost of a litre of diesel was 91.75 rupees.