In the first four four occasions, prices were increased by 80 paise a litre - the steepest single-day rise since the daily price revision was introduced in June 2017. On Sunday, petrol price went up by 50 paise a litre and diesel by 55 paise.
Congress and other opposition parties have criticised the government for the price rise saying it has added to the burden on common man reeling under general commodity price rise.
In four increases, petrol and diesel prices have gone up by Rs 3.20 a litre.
Petrol in Bhubaneswar was retailing at Rs 103.69 as against 102.66 previously while the diesel rate has gone up from Rs 92.48 per litre to Rs 93.61 per litre, as per a price notification of state fuel retailers.
Prices have been on a freeze since then despite the cost of raw material spiralling. International oil prices were around USD 81-82 a barrel in early November as against USD 114 now.
In 2008, Reliance Industries had shut all of its 1,432 petrol pumps in the country after sales dropped to almost nil as it could not match the subsidized price offered by the public sector competition.
Oil prices have jumped more than 30 per cent since February 24, when Russia launched military attack against Ukraine, touching $139 a barrel at one point this week.
International oil has roared higher as concerns about the pandemic, especially the impact of the omicron variant, have eased off.
The concession will be given for 10 litres of petrol for every month, a statement by the state government said later.
Not only homemakers are perspiring over the spike in prices of LPG cylinders, hotels owners too are at the receiving ends. Small-sized hotel owners have expressed concern over the increase of Rs 266 per 19 kg commercial cylinders, earlier this month.
Odisha govt on Thursday cut Rs 3 VAT on fuel prices in addition to Centre’s excise duty cut on petrol & diesel.
Following the Centre's announcement to cut excise duty on petrol by Rs 5 and on diesel by Rs 10, retail prices of petrol and diesel fell between Rs 5-10 per litre on Thursday. The move was in view of containing surging rates.
Since, January 1, 2021, the fuel rates have risen by more than Rs 26 a litre before the duty cuts.
"In recent months, crude oil prices have witnessed a global upsurge. Consequently, domestic prices of petrol and diesel had increased in recent weeks exerting inflationary pressure."
With diesel prices rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country
While petrol price in most of the country is already above Rs 100-a-litre mark, diesel rates have crossed that level in a dozen states/UT including Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chattisgarh, Bihar, Kerala, Karnataka and Ladakh.
Prices of auto fuels petrol and diesel rose on Friday too as global oil surged again, with benchmark Brent crude gaining over 1 per cent to cross $83 a barrel.
In Mumbai, the petrol price was stable at Rs 107.26 per litre on Wednesday while diesel rates also remained unchanged at Rs 96.19 a litre.
The 41 increases have taken up petrol prices by Rs 11.44 per litre in Delhi, while the diesel rates have spiked by Rs 8.74 per litre in the national capital.
The long price pause for auto fuels came after fuel prices increased for 41 days in the current financial year.