Crude oil rally takes domestic petrol, diesel prices to record highs

First Petrol price hike since mid-July, selling at Rs 101.39 a litre in national capital; diesel retailed at Rs 89.57

A rally in the price of crude oil is pushing domestic petrol and diesel prices towards new highs. The price of petrol was up 20 paise per litre and diesel by 25 paisa a litre on Tuesday. After the latest revision, petrol sold at Rs 101.39 a litre while diesel retailed at Rs 89.57 a litre in the national capital.

The highest selling price for petrol is Rs 101.84 a litre and for diesel is Rs 89.87 a litre. Prices remained at these levels for most of July 2021 and softened moderately in August 2021.

The Indian basket of crude