Petrol and diesel prices hiked 11th time in 13 days. Know rates in your city
Petrol and diesel prices have been increased again on Sunday, the 11th time in the last 13 days since the daily price revision restarted on 22nd March after a 137 day hiatus. Both petrol and diesel prices have been hiked by 80 paise per litre on Sunday, taking the total increase in rates to ₹8 per litre in less than two weeks. With the latest price surge, petrol in Delhi now costs ₹103.41 per litre, while diesel sells at ₹94.67 a litre in the national capital.
In Mumbai, the petrol and diesel prices for a litre are ₹118.41 and ₹102.64 respectively. In Chennai, the petrol and diesel prices on Sunday are ₹108.21 and ₹99.04 per litre, respectively. Among other cities, in Kolkata per litre petrol and diesel prices are ₹113.03 and ₹97.82, respectively. In Bengaluru, one litre of petrol costs ₹108.99 and one litre of diesel costs ₹92.83 on Sunday.
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Rates of motor fuels were have been increased across the country. Also, rates of petrol and diesel vary from state to state, depending upon the incidence of local taxation. Both petrol and diesel prices hit the freeze button just as the election campaigns in five states picked up in early November last year. However, with the elections in the states over, prices of petrol and diesel have started increasing again mopping all the gains of the four and half months.
The Indian government has said that the latest price hikes have been initiated to keep up with the crude oil price in the international market, which has increased due to the war between Russia and Ukraine. The price of crude oil in the international market at a point hit $139 per barrel. However, with the US releasing additional oil to keep the pricing in check, per barrel pricing has come down slightly over $100. However, that didn't improve the picture in Ibndian oil and energy market.