Lagatar24 Desk
New Delhi, March 25: After a one-day break, prices for petrol and diesel were raised again on Friday. Over the course of four days, fuel prices were raised by 2.40 per litre. According to a price notice from state fuel retailers, a litre of petrol would now cost 97.81 in Delhi, while diesel will cost 89.07.
Petrol will be sold for 112.51 a litre in Mumbai, while diesel will be sold for 96.70 per litre. Mumbai continues to have the highest fuel prices among metro cities. Due to VAT, prices differ between states.
| City | Petrol | Diesel |
| Delhi | 97.81 | 89.07 |
| Mumbai | 112.51 | 96.70 |
| Chennai | 103.67 | 93.71 |
| Kolkata | 107.18 | 92.22 |
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 gasoline and diesel prices take effect.
India relies on imports for 85 percent of its oil needs, and domestic gasoline and diesel prices are tied to international rates.
According to CRISIL Research, to completely pass on the increase in international oil costs, a raise of 15-20 per litre is required. Oil prices fell somewhat globally as the US and its allies pondered releasing extra oil from storage to cool markets. Despite the rise in crude oil prices, the rates have remained stable for almost four months. On March 22, the rate revision came to an end.
