New Delhi: Petrol prices could touch an all-time high with oil marketing companies (OMCs) raising their retail price for sixth consecutive day on Monday.
The price of petrol here increased by a margin of 30 paisa per litre on Monday to Rs 83.71 a litre from a level of Rs 83.41 a litre on Sunday.
The OMCs also raised the price of diesel by 26 paisa per litre to Rs 73.87 a litre as against Rs 73.61 a litre a day earlier.
With the increase, retail price of petrol has inched closer to all time high levels of Rs 84 a litre — that it touched two years back on October 4, 2018.
Given the rate of daily increase by OMCs, that milestone may be achieved as early as Tuesday or Wednesday.
Across the country as well, retail prices of petrol is inching closer to all-time high levels and will breach the mark this week if the prices continue to rise daily.
Global crude prices have firmed up recently over the news of successful coronavirus vaccine. It has risen almost $10 a barrel in last one month to reach closer to $50 a barrel now.