This is the 10th increase in the prices since five month
New Delhi: On Saturday, Petrol and diesel prices were hiked by 80 paise a litre each, taking the total increase in rates in the last 12 days to ? 7.20 per litre.
In Delhi, Petrol will now cost ? 102.61 per litre as against ? 101.81 previously, while diesel rates have gone up from ? 93.07 per litre to ? 93.87, according to a price notification of state fuel retailers.
Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation applied to it.
This is the 10th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.
In all, petrol prices have gone up by ? 7.20 per litre.
The price of petrol in Mumbai has been increased by 85 paise taking the petrol and diesel prices per litre to ?117.57 and ?101.79, respectively.
While in Chennai, the price of petrol has been increased by 76 paise and it is now at ?108.21 and diesel at ?98.28.
In Kolkata, the price of petrol is ?112.19, increased by 84 paise and diesel is ?97.02, increased by 80 paise.
In Bengaluru, the price of one litre of petrol is ?108.14and one litre of diesel is sold at ?92.05. Meanwhile, in Bhopal, one litre of petrol is sold at ?115.09 and one litre of diesel at ?98.28.
Notably, fuel prices continue to rise with petrol and diesel rates rising by another 80 paise per litre each on Thursday, netting an increase of about ?7.20 a litre in ten revisions in 12 days so far.
Prices are set to be raised further given the sharp jump in crude oil prices in the international markets. It will have a cascading impact on the prices of other items and lead to inflationary pressure and hurt growth. It will have a cascading effect on the prices of other items.
Also, On Friday, CNG price in the national capital was hiked by 80 paise per kg, while piped cooking gas rates were increased by a steep ?5 per cubic metre on the back of the government raising input natural gas prices to record levels.
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