Petrol, diesel prices rise again as West Asia conflict triggers third fuel hike in 10 days
India witnessed its third fuel price hike in less than 10 days, with petrol prices nearing Rs 100 in Delhi amid continuing turmoil in global oil markets.
India witnessed its third fuel price hike in less than 10 days, with petrol prices nearing Rs 100 in Delhi amid continuing turmoil in global oil markets.
Fuel prices climbed again across major Indian cities as rising global crude oil rates and the ongoing West Asia conflict continued to pressure domestic markets.
Oil companies raised petrol, diesel and CNG prices as mounting crude oil costs and the West Asia conflict intensified pressure on India’s fuel retailers.
Worldwide, there is an increasing trend to ban vehicles using fossil fuels, but that is not confined to diesel vehicles alone.
As a result, under the daily price adjustment procedure used by oil marketing corporations, gasoline and diesel prices remained unchanged for the 11th consecutive day.
"This corrupt Congress government and it's CM who is only interested in loot and scoot lathi-charged peaceful Akali workers raising voice of farmers demanding compensation of Rs 50,000/acre for cotton growers and reduction in State VAT on petrol and diesel by Rs 10/Ltr in front of CM residence."
Petrol price is now over Rs 100 a litre almost all across the country. Diesel is also catching up and may soon be available over Rs 100 a litre across the country soon.
In the city of Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on Saturday, the fuel price remains at new high of Rs 100.72 per litre. Diesel price also continues to be at Rs 92.69 a litre, the highest among metros.
Premium petrol prices have already crossed the Rs 100 per litre mark in the city and other parts of the country through increase in the retail rates in the month of January and February.
Across the country as well the fuel prices remained static on Saturday but their retail prices varied depending on the level of local taxes.
