Petrol and diesel prices were hiked again across the four metros on June 4. The prices have been increased 18 times since May 4. In the national capital, petrol prices were increased by 27 paise from Rs 94.49 per litre to ₹ 94.76 per litre and diesel prices were hiked by 28 points from ₹ 85.38 per litre to ₹ 85.66 per litre, according to Indian Oil Corporation.
In Mumbai, the petrol price changed to Rs 100.98 per litre and cost of diesel advanced to Rs 92.99 a litre.
Moreover, the petrol rates had already crossed the ₹ 100-mark in several cities of Madhya Pradesh and Rajasthan. Fuel rates vary across the states in the country due to value-added tax or VAT.
According to media report, Globally, oil prices dropped on June 4 as concerns about the patchy roll-out of anti-coronavirus vaccinations around the globe tempered optimism earlier in the week that demand for fuels was recovering from the depths of the pandemic.