Petrol, diesel rise for 16th consecutive day; Mumbai, Delhi prices at record high

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Petroleum Minister Dharmendra Pradhan had earlier said that the government will intervene to reduce prices.

Petrol and diesel prices continue to soar and touched another peak on May 29. Petrol was hiked by 16 paise to Rs 86.24 per litre in Mumbai.

This is the 16th straight hike in a row. Diesel prices on the other hand, were hiked by 15 paise to Rs 73.79 per litre in Mumbai. Petrol prices in Delhi were increased by 16 paise to Rs 78.43 per litre and diesel by 14 paise to Rs 69.31 per litre.

Since the dynamic pricing system resumed on May 14, petrol and diesel prices have risen by Rs 3.8 and Rs 3.38 respectively in the last 16 days in Delhi.

Petroleum Minister Dharmendra Pradhan had earlier said that the government will intervene to reduce prices.

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