Petrol prices have again started rising across the country. It has been selling at Rs 85 per a litre in Mumbai, after remaining unchanged on Wednesday. Petrol prices jumped 9 paise from Rs 84.91 on Tuesday, according to data put out on the website of Indian Oil Corporation. In Mumbai petrol touched an all-time high in May with Rs 86.24, recorded on May 29. It had first touched the Rs 84 a litre level on May 20. In other metro cities petrol prices in Delhi, Kolkata and Chennai are at Rs 77.58, Rs 80.52 and Rs 80.59 per litre.
Diesel prices have also went up across four metro cities. In Delhi, Kolkata, Mumbai and Chennai, it was sold at Rs 73.36, Rs 71.94 per litre, Rs 69.10 and Rs 72.99 respectively.
Retail infation is also expected to go up due to a rise in fuel prices. With an increase in petrol prices, it is expected that the household budget may also increase as the cost of the transportation of agriculture and food products, which in turn impacts the inflation rate of the country, will also increase.
The consumer inflation in July was at a nine-month low at 4.17 per cent, compared to 5 per cent in June , primarily due to high fuel costs.
In Mumbai petrol touched all-time high in May with Rs 86.24, recorded on May 29. It had first touched the Rs 84 a litre level on May 20.