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Petrol, Diesel prices hiked for the first time since Feb; more hikes to come

May 04, 2021 12:05 IST | By Editorji News Desk

Petrol and diesel prices here hiked by 15 and 16 paise, respectively, after remaining unchanged for over 18 days. 

Petrol now costs ₹96.95/lt in Mumbai while Diesel costs ₹87.98/lt. Prices in Mumbai remain the highest amongst all the metros. 

This is the first hike since February as fuel prices through March and mid-April saw a reduction of nearly ₹1. Meanwhile global crude prices have risen over $5/bbl in the same period, so analysts expect further hikes in the coming weeks.