Petrol, diesel PRICES HIKED for second time in week: Check latest fuel rates in Delhi, Mumbai, Kolkata, Chennai, Other Cities
Petrol and diesel prices were raised by about 90 paise per litre on Tuesday. This marks the second hike within a week.
Petrol, diesel PRICES HIKED for second time in week: Check latest fuel rates in Delhi, Mumbai, Kolkata, Chennai, Other Cities | Image: ANI
Petrol, Diesel Prices: In a major blow to the common man, the Oil Marketing Companies (OMCs) on Tuesday increased the prices of petrol and diesel by around 90 paise per litre, marking the second fuel price hike in less than a week. Following the fresh hike, petrol prices in the national capital rose to Rs 98.64 per litre; earlier, it was Rs 97.77, while diesel prices increased to Rs 91.58 per litre from Rs 90.67.
The fresh revision in fuel prices comes days after petrol and diesel rates were raised by Rs 3 per litre on Friday amid the ongoing West Asia tensions due to which global crude oil prices have surged. The blockade of the Strait of Hormuz has also played a major role in the price hike.
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Petrol Prices Rise Across Major Cities
| New Delhi | Rs 98.64 | 0.87 |
| Kolkata | Rs 109.70 | 1 |
| Mumbai | Rs 107.59 | 0.91 |
| Chennai | Rs 104.46 | 0.79 |
| Gurgaon | Rs 99.29 | 0.82 |
| Noida | Rs 98.91 | 1.15 |
| Bangalore | Rs 107.12 | 0.95 |
| Bhubaneswar | Rs 105.09 | 0.52 |
| Chandigarh | Rs 98.10 | 0.83 |
| Hyderabad | Rs 111.88 | 0.99 |
| Jaipur | Rs 109.32 | 1.71 |
| Lucknow | Rs 98.40 | 0.68 |
| Patna | Rs 110.02 | 1.1 |
| Thiruvananthapuram | Rs 111.71 | 1.1 |
Diesel Prices Rise Across Major Cities
| CITY | DIESEL PRICE | PRICE CHANGE |
| New Delhi | Rs 91.58 | 0.91 |
| Kolkata | Rs 96.07 | 0.94 |
| Mumbai | Rs 94.08 | 0.94 |
| Chennai | Rs 96.11 | 0.86 |
| Gurgaon | Rs 91.80 | 0.86 |
| Noida | Rs 92.21 | 1.22 |
| Bangalore | Rs 95.04 | 0.94 |
| Bhubaneswar | Rs 96.68 | 0.57 |
| Chandigarh | Rs 86.09 | 0.84 |
| Hyderabad | Rs 99.95 | 0.99 |
| Jaipur | Rs 94.50 | 1.6 |
| Lucknow | Rs 91.73 | 0.72 |
| Patna | Rs 96.05 | 1.08 |
| Thiruvananthapuram | Rs 100.60 | 1.22 |
It is worth noting that petrol and diesel prices had largely remained stable for nearly four years, but the geopolitical crisis has drastically changed the scenario, triggering fresh pressure on oil marketing companies.
The Oil Marketing Companies (OMCs) were facing daily losses of nearly Rs 1,000 crore after the crude oil price hiked following tensions in West Asia.
The impact of rising fuel prices has started impacting almost all sectors, from the common man to transport operators. People who use CNG vehicles for daily travel are also likely to face higher transportation costs in the coming days.
The Brent oil prices are at a record high due to the ongoing US-Iran war, which began on February 28. Brent crude prices have surged to over USD 100 per barrel as the US and Iran continue attempts at peace talks.
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