HomeCURRENT AFFAIRSBUSINESSPetrol, diesel price: Fuel rates hiked again on Monday

Petrol, diesel price: Fuel rates hiked again on Monday

Petrol and diesel prices were on Monday hiked by 40 paise a litre each, taking the total increase in rates in the last two weeks to Rs 8.40 per litre.

Petrol in Delhi will now cost Rs 103.81 per litre as against Rs 103.41 previously, while diesel rates have gone up from Rs 94.67 per litre to Rs 95.07, according to a price notification of state fuel retailers.

In Mumbai, the petrol and diesel prices have gone up by 42 paise, to ₹118.83 and diesel price went up by 43 paise to ₹103.07 per litre respectively.

In Chennai, the petrol and diesel prices are at ₹109.34 and ₹99.42 per litre . In Kolkata, the price of petrol is ₹113.45 (increased by 42 paise) and diesel is ₹98.22 (increased by 40 paise). In Bengaluru, one litre of petrol will cost ₹109.41 and one litre of diesel will cost ₹93.23.

This is the 12th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.

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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