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Petrol, Diesel Prices Continue To Surge

The petrol and diesel prices on Wednesday were hiked for the eighth time in the last ten days as a rally in international oil prices took retail rates in India to new highs.

The petrol and diesel prices were increased by 25 paise per litre, according to a price notification of state-owned fuel retailers. As a result, the hike took the petrol price in Delhi stood at ₹89.54 per litre. Subsequently, the diesel rate climbed to ₹79.95 a litre in the city.

The relentless hike in fuel prices has been criticised by the Opposition, including the Congress party, that has demanded an immediate cut in taxes to ease the burden on the common man.

The price of liquefied petroleum gas domestic cylinder has also increased by ₹50 per unit this week in Delhi. The new price of ₹769 per 14.2 kilograms LPG cylinder was applicable in the national capital from Monday.

The prices of fuel in different cities of the country have further increased today. In New Delhi, the price of petrol has increased to Rs 89.29 per litre from Rs 88.99 whereas diesel price in the cityincreased from Rs 79.35 per litre to Rs 79.70 for one litre. In Mumbai, the price of petrol has now become Rs 95.75 for one litre. There has been an increase of 29 paise in the price of petrol on February 16 in Mumbai. Diesel on the other hand costs Rs 86.72 per litre in Mumbai. The cost of the same fuel was Rs 86.34/litre on Monday, February 15.

The rate of petrol and diesel per litre on Tuesday in Patna has become Rs 91.67 and Rs 84.92 respectively. Although the fuel price has increased in most cities but in Jaipur, the price has decreased by 32 paise and stands at Rs 95.75 per litre. Still, the fuel price in Jaipur is as high as Mumbai on Tuesday.

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