HomeCURRENT AFFAIRSBUSINESSPetrol, diesel: Fuel rates remain steady on 25 March

Petrol, diesel: Fuel rates remain steady on 25 March

Petrol and diesel prices have hiked again by 70 paise and 80 paise respectively on Saturday, according to data by the Indian Oil Corporation (IOCL). This is the fourth hike in the past five days.

On Saturday, the cost of petrol in the national capital Delhi surged to ₹98.61/litre while diesel climbed to ₹89.87 per litre, according to a price notification of state fuel retailers.

On the other hand, in Mumbai petrol has been increased by 84 paise to ₹113.35 while in Chennai the fuel went up by 76 paise to ₹104.43. In Kolkata, rates increased to ₹108.01 from ₹107.18 (83 paise hike).

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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