Petrol, Diesel Prices Continue To Surge, At Record High Levels

Fuel prices continue to rise for the third straight day on Friday, October 22, to hit fresh all-time highs. In the national capital, petrol and diesel rates soared 35 paise to cost ₹ 106.89 and ₹ 95.62 per litre respectively after the latest hike, according to Indian Oil Corporation.

Petrol now costs 35.3 per cent more than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. ATF in Delhi costs ₹ 79,020.16 per kilo litre or roughly ₹ 79 per litre.

In Mumbai, a litre of petrol now costs ₹ 112.78, and diesel is sold at ₹ 103.63 per litre. Petrol prices in Chennai moved closer to the ₹ 104 per litre-mark and is currently sold at ₹ 103.92 per litre; while diesel rates stood at ₹ 99.92. Among the four metro cities, fuel rates are the highest in Mumbai, according to the state-run oil refiner. Fuel rates vary across the states due to value-added tax or VAT.