New Delhi: Prices petrol and diesel were hiked by Rs 80 paise per litre on Tuesday, twelve days after the assembly elections results in five states. Meanwhile, the cost of domestic cooking gas has been increased by Rs 50 per cylinder.
The price hike came after 137 days since daily fuel price revision was adopted in June 2017, but fears remained that the Russia-Ukraine war would spill over into India’s retail fuel prices sometime soon.
Petrol Prices Hike
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.
In Chennai petrol will now cost Rs 102.20 per litre, while diesel will cost Rs 92.23 per litre. While the cost of petrol in Kolkata will be Rs 105.47 per litre and diesel Rs 90.59 per litre; and in Bengaluru petrol will cost Rs 101.38 per litre and diesel Rs 85.81 per litre.
Petrol in Kochi will cost Rs 105.18 per litre and diesel Rs 92.40 per litre, while in Thiruvananthapuram, a litre of petrol will cost Rs 106.36 and diesel Rs 93.47.
This was the first fuel hike since November 3, 2021, when the Centre took its deepest excise duty cut ever to cool retail prices from record highs. It reduced the duty on petrol by Rs 5 and on diesel by Rs 10 and many states and union territories followed to give further relief to consumers.
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.
LPG Rise Hike
Prices of domestic liquefied petroleum gas (LPG) cylinders has also been hiked by over Rs 50 in Delhi, Mumbai and other cities from today, March 22.
According to the new rates, the cost of a 14.2-kg non-subsidised LPG cylinder has been increased by Rs 50 to Rs 949.50 per cylinder; while the cost of a 19-kg LPG cylinder’s price is slashed by Rs 58 to Rs 1,954.50 per cylinder In Delhi.
This is the first price hike for the 14.2-kg LPG cylinders since October 2021.
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