Petrol, Diesel Prices Hiked Again by Around 90 Paise Per Litre
Quick Look
- Petrol and diesel prices increased by approximately 90 paise per litre on Tuesday, the second hike in less than a week.
- Prices in Delhi now stand at Rs 98.64 for petrol and Rs 91.58 for diesel.
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Why It Matters
Fuel prices in India are revised daily based on international crude oil prices and foreign exchange rates. The government also levies taxes on petrol and diesel, which contribute significantly to the final retail price.
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Petrol and diesel prices were increased by around 90 paise per litre on Tuesday, marking the second fuel price hike in less than a week. According to industry sources cited by news agency PTI, petrol prices in Delhi rose to Rs 98.64 per litre from Rs 97.77 earlier, while diesel rates increased to Rs 91.58 per litre from Rs 90.67. The latest revision comes days after fuel prices were raised by Rs 3 per litre on Friday.
Fuel prices rise across major cities
In the national capital, petrol became costlier by 87 paise per litre, while diesel saw an increase of 91 paise. Mumbai recorded petrol prices at Rs 107.59 per litre after a hike of 91 paise, while diesel rates climbed by 94 paise to Rs 94.08 per litre. Kolkata witnessed the steepest increase in petrol prices among the four metros, with rates rising by 96 paise to Rs 109.70 per litre. Diesel prices there increased by 94 paise to Rs 96.07 per litre. In Chennai, petrol prices rose by 82 paise to Rs 104.49 per litre, while diesel became dearer by 86 paise, taking the price to Rs 96.11 per litre. The latest increase marks the second upward revision in fuel prices within a span of five days.
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Open Questions
- What is the reason for the continuous fuel price hikes?
- What is the expected trend for fuel prices in the coming days?
- What measures, if any, are being considered by the government to stabilize fuel prices?
