Petrol nears Rs 95 in Mumbai

Representational Photo

Petrol price in Mumbai neared record Rs 95 per litre mark on Saturday as its rate as well as diesel prices were hiked for the fifth day in a row.

Petrol price was increased by 30 paise per litre and diesel by 36 paise a litre, according to a price notification of state-owned fuel retailers.

This took petrol price to an all-time high of Rs 88.414 a litre in Delhi while diesel rate climbed to Rs 78.74. In Mumbai, petrol price soared to Rs 94.93 per litre and diesel price jumped to record Rs 85.70 a litre.

In five days this week, price has gone up by Rs 1.51 per litre for petrol while diesel rate has risen by Rs 1.56 a litre. The relentless hike in prices has been criticised by the opposition parties, including Congress that has demanded an immediate cut in taxes to ease the burden on the common man.