The cost of diesel per litre has also been increased to Rs 69.31 per litre in Delhi and Rs 73.79 a litre in Mumbai. Diesel prices touched Rs 71.72 in Kolkata, Rs 73.64 in Mumbai and Rs 73.03 in Chennai. In Mumbai and Chennai, petrol was sold at Rs 85.93 and Rs 81.11 a litre, respectively, up from Rs 85.78 and Rs 80.95 per litre on Saturday.
Further, in Kolkata, petrol price, now inching towards a four year high, was sold at Rs 80.61, against 80.47 per litre on Friday. In Kolkata, while petrol price crossed Rs. 82 per litre for the first time ever, diesel price was only 14 paise away from Rs. 72 per litre.
The fuel was sold at Rs 78.27 and Rs 81.26 per litre in Delhi and Chennai, up from Rs 78.12 and Rs 81.11 a litre on Sunday.
While the price of petrol rose by 16 paise (0.2 per cent) to reach Rs 78.95 in Gurgaon, price in Faridabad also increased by 16 paise (0.2 per cent) to Rs 79.19, by 12 paise (15 per cent) to Rs 78.75 in Ghaziabad, and by 13 paise (0.17 per cent) to Rs 78.87 in Noida.
By May 23, petrol was 124.74p and diesel 127.69p.
RAC fuel spokesman Simon Williams said: "This is the worst series of consecutive daily supermarket price rises we have seen since we began monitoring this three and a half years ago". Oil Minister Dharmendra Pradhan had said the previous day that the government was looking at both short-term and long-term solutions to soaring fuel prices.
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He also said that the weakening of the Indian rupee against the U.S. dollar was causing the fuel price hike. Delhi has the lowest fuel price among all metros and most state capital due to lower incidence of local sales tax or VAT.
Global crude oil prices had risen in the period, while the rupee fell against the United States dollar - both factors make the fuels costlier.
Petrol prices were hiked - once again - across the country today marking the 16th such rise in the last 16 days.
On the other hand, if the Centre cuts the excise by Re 1, the loss of revenue will be to the tune of Rs 10,725 crore for every Re 1 cut in central excise and the amount will become twice if it cuts the excise duty by Rs 2.
These fuel prices put the United Kingdom 10th among European Union member states for the price of fuel.