Petrol prices hiked today; Rs 115 per liter in Mumbai, crosses Rs 100 per liter in Delhi; Know Fuel Rates

Earlier, on Sunday, the Indian National Congress attacked the government after the hike in fuel prices, and demanded that it account for the Rs 26 lakh crore “earned” through excise duty on petrol and diesel in nearly eight years. .

Rates have been increased across the country and vary from state to state based on local taxation events. This is the seventh increase in prices since the end of a four-and-a-half-month-long hiatus in the rate revision on March 22. Overall, petrol prices have increased by Rs 4.80 per liter and diesel by Rs 4.80 per litre. liters

On the first four occasions, prices were increased by 80 paise per liter – the sharpest increase in a day since the daily price revision was introduced in June 2017. In subsequent days, the price of petrol was increased by 50 paise and 30 paise per liter, while diesel increased by 55 paise and 35 paise per litre.

India is 85 per cent dependent on imports to meet its oil needs and hence retail rates are adjusted according to global movement.

Ukraine and Russia headed for peace talks after Shanghai’s financial hub closed to curb a surge in COVID-19 cases and US crude futures fell on Tuesday as fears of a slump in fuel demand in China. Gone.

Brent crude futures were trading lower by $1.07, or 1.0 per cent, at $111.41 a barrel by 0107 GMT, having hit a low of $109.97. US West Texas Intermediate (WTI) crude futures settled as low as $103.46 in early trade and were down 79 cents, or 0.8 per cent, at $105.17. Both the benchmark contracts fell nearly 7 per cent on Monday.

Petrol, diesel prices as on Tuesday, March 29 in Delhi, Mumbai and other cities of India

Delhi

Petrol – Rs 100.21 per liter