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Home Business & Corporates

Fuel prices continue hike streak, 12th rise in two weeks

Lagatar News by Lagatar News
April 4, 2022
in Business & Corporates
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Lagatar24 Desk

New Delhi, April 4: Fuel prices were raised again on Monday for the 12th time in two weeks. According to a price notification issued by state fuel dealers, petrol and diesel prices in Delhi have been raised by 40 paise per litre.

Petrol will now cost Rs.103.81 per litre in the national capital, up from Rs103.41 previously, and diesel will cost Rs.95.07 per litre, up from Rs.94.67 previously.

Petrol will be sold for Rs.116.72 a litre in Mumbai, while diesel will be sold for Rs.100.94 per litre. Mumbai has the highest fuel prices among metro cities. Because of the value-added tax, prices differ between states.

Despite the rise in crude oil prices, fuel prices have remained stable for over four months. On March 22, the rate revision came to an end. After rate changes, the price of petrol and diesel has increased by Rs. 8.40 per litre in total.

During the assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa, and Manipur, the rates were held steady.

State-run oil refineries such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum adjust fuel prices on a daily basis, taking into account international crude oil prices and rupee-dollar exchange rates. Every day at 6 a.m., any adjustments in fuel prices take effect.

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