Petrol and diesel prices were raised by over 80 paise a litre on March 22 after a status quo on rates for 137 days, reports said.
Petrol will now cost Rs 96.21 per litre in Delhi, while you shall have to pay Rs 87.47 per litre for diesel. In Mumbai, petrol will now cost Rs 110.78, while diesel would cost Rs 94.94 per litre.
This was the first fuel price hike since November 2, 2021. On November 4th, the government announced an Rs 5 per litre cut in excise duty on petrol and an Rs 10 per litre cut in excise duty on diesel to provide relief to customers and cushion them against the soaring international crude oil prices.
Cooking gas prices too were raised the same day. Domestic LPG cylinder prices have been hiked by over Rs 50 in Delhi, Mumbai and other cities with effect from March 22. The government raised the bulk diesel prices by Rs 25 a litre last week and aviation fuel is up 50 percent since January.
The price hike was much-anticipated after the election results were out, on March 10, however, in the light of the second half of the Budget Session, the measure may have been delayed. The latest price hike implies consumers will have to pay more for fuel, but still, the increase is less than 1 percent of the per litre price that is prevalent right now.
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