After the fuel rates were hiked by up to 18 paise on 4 May, the petrol and diesel prices have witnessed an increase again for the second consecutive day. On Wednesday, 5 May, the price of fuel increased by up to 21 paise.
The revised rates are decided by state-run oil marketing companies and are effective from 6 am every day. Companies like Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum decide the rates of fuel.
In Delhi, one litre of petrol now costs Rs 90.74 after the price increased by 19 paise from Rs 90.55. One litre of diesel can be bought at Rs 81.12 in the national capital after the price increased by 21 paise from Rs 80.91 per litre.
Mumbai has the highest fuel price among all the metro cities of the country. Today, the price of petrol in the city is Rs 97.12 per litre after getting increased by 0.17 paise. While Diesel costs Rs 88.19 per litre after a hike of 21 paise.
In Chennai, petrol prices increased from Rs 92.55 on 4 May to Rs 92.70 on 5 May after a rise of 15 paise in its price. On the other hand, with a hike of 19 paise, diesel in the city costs Rs 86.09 today.
The price of one litre of petrol has increased in Kolkata by 16 paise. It now costs Rs 90.92 per litre in the city. Similarly, diesel price also increased by 20 paise now can be bought at Rs 83.98 per litre.
Previously, fuel prices remained constant for 18 days but have increased for two days consecutively.