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Home CURRENT AFFAIRS BUSINESS Petrol & diesel: Fuel rates hikes on 27 March

Petrol & diesel: Fuel rates hikes on 27 March

Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre.

Petrol in Delhi will now cost Rs 99.11 per litre as against Rs 98.61 previously while diesel rates have gone up from Rs 89.87 per litre to Rs 90.42, according to a price notification of state fuel retailers.

In Mumbai, the petrol and diesel prices per litre at Rs 113.88 and Rs 98.13 (up by 53 paise and 58 paise respectively)

In Chennai, the price of petrol is Rs 104.90 and diesel is Rs 95.00 and in Kolkata, the price of petrol is Rs 108.53 and diesel is Rs 93.57

Petrol and diesel prices had been a freeze since November 4—- a period during which the cost of raw material (crude oil) soared by $30 per barrel. The rate revision was expected after the result of the five states assembly election (post-March 10), but it was put off.

The difference in the price of fuel in the states are due to the tax and the cost of transportation imposed by the central and state government.

How to check petrol and diesel price in your city:

Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise fuel rates daily, taking into account crude and rupee-dollar rates in international markets. Daily price changes for fuel are effected at 6 am every day.

To get the indicative prices of Petrol/Diesel in your city/town for the day, kindly SMS “RSP Dealer Code of Petrol Pump” to 92249 92249. For example, SMS “RSP 102072” to 92249 92249 for fuel prices in Delhi.

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