Fuel Prices Keep Rising, Diesel Goes Over Rs.99/Litre in Srinagar.

Fuel prices keep rising in Kashmir as petrol and diesel prices were hiked by 35 paise per litre each taking diesel over Rs. 99/litre in Srinagar.

This is the second consecutive day of price hike. There was no change in rates on October 18 and 19, prior to which prices were hiked by 35 paise per litre each on four straight days.

While petrol has already hit the Rs 100-a-litre mark or more in all major cities of the country, diesel has touched that level in over a dozen states and is treading towards that mark in places from Srinagar to Chennai.

Diesel costs Rs 99.14 a litre in Srinagar while it is priced at Rs 99.59 in Chennai.

The costliest fuel was in the border town of Ganganagar in Rajasthan, where petrol comes for Rs 118.59 a litre and diesel for Rs 109.41 per litre.

Since the ending of a three-week-long hiatus in rate revision in the last week of September, this is the 18th increase in petrol price and the 21st time that diesel rates have gone up.

International benchmark Brent crude on Thursday was trading above USD 85 per barrel, USD 11 more than last month.

Prices differ from state to state depending on the incidence of local taxes.