Petrol prices hiked, no change in diesel
In a relief to the transport sector, OMCs raised petrol prices as global cues on Friday raised fuel prices across the country adding to the misery of the common man, even as he is already reeling under shrinking income. was struggling with high food prices.
But this time the oil companies have increased the pump price of petrol, while keeping diesel rates unchanged, limiting the cascading effect of the higher transport fuel on the prices of various other commodities.
Accordingly, the retail price of petrol in the national capital on Friday increased by 35 paise to Rs 99.16, while diesel prices increased from Rs 89.18 per liter in the previous day.
With the hike, petrol prices have come very close to hitting the century mark across the country, widening the range of historically high prices, which have already pushed fuel rates to Rs 100 in some cities and towns of Maharashtra, Madhya Pradesh. per liter was exceeded. , Rajasthan, Telangana, Andhra Pradesh.
The latest price hike has also put Chennai in the list of metro cities hitting the centenary mark with petrol. The fuel price in the city is now Rs 100.13 per litre. Mumbai is the second metro city where petrol prices have crossed the century mark to reach Rs 105.24 per litre.
The price of petrol is also very close to hitting a century in Delhi and Kolkata.
Petrol prices across the country were also hiked on Friday but retail prices varied depending on the level of local taxes in different states.
Sriganganagar, Rajasthan has the highest level of fuel prices in the country. There the price of petrol is Rs 110.40 per liter while the price of diesel is Rs 102.42 per liter on Friday.
With the hike in day prices, fuel prices have now increased for 33 days and have remained unchanged for 30 days from May 1. The hike of 33 has raised petrol prices in Delhi by Rs 8.77 per litre. Similarly, diesel has increased by Rs 8.45 per liter in the national capital.
Fuel retail prices in India are expected to firm up in the coming days, due to rising global crude oil prices and declining inventory of the world’s largest fuel consumer – the US.
Benchmark Brent crude rose to a multi-year high of over $76 on the Intercontinental Exchange.
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