Diesel price hike latest news: In a big shock to diesel users the price for fuel sold to bulk users has been hiked by about Rs 25 per litre as sources to news agency PTI.
The Rs 25/litre hike in diesel prices does not impact retail rates, so in Mumbai price for bulk users has been hiked to Rs 122.05 as compared to Rs 94.14 a litre price of the same fuel sold at petrol pumps.
This 40% jump in prices is in-line with international oil price movement and also the hikes seen in aviation fuel which is now up 50% since January.
PSU oil companies have not raised retail prices of petrol and diesel since November 4, 2021 despite a surge in global oil and fuel prices, a move seen as aiding the Bharatiya Janata Party (BJP) in crucial state assembly elections.