Highlights

Indian crude basket above $110/bbl
Record low rupee hurting finances as well
Jet fuel prices up 26% since Jan 1

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All eyes on petrol diesel price hike, how large will it be

Name: All eyes on petrol diesel price hike, how large will it be
Uploaded: 2022-03-08T08:36:16.000+05:30
Duration: T00M56S
Channel: EJ Biz Desk
Description: Petrol, Diesel price hike: Brace for it as the polling draws to a close the price hikes that have been waiting backstage will take centrestage. Here is why the petrol, d

Fuel prices have been on a freeze since Nov 4

Updated: Sep 02, 2022 10:53

EJ Biz Desk

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All eyes on petrol diesel price hike, how large will it be

Petrol, Diesel price hike: Brace for it as the polling draws to a close the price hikes that have been waiting backstage will take centrestage. Here is why the petrol, diesel price hikes are set to be big and brutal-:

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Crude basket for India is @ $110/bbl vs $80.5/bbl in November when govt announced excise duty cut
Prices have been on a freeze since Nov 4, record number of days without fuel price change
Experts anticipate a minimum of Rs 15/litre cumulative hike just in March
Petrol price in Mumbai stands at Rs 109.98 per litre, the highest among the metropolitan
Surat, Kanpur, Dehradun, Chandigarh - Cheapest fuel among major cities Sub Rs 96/lt
To draw a comparison as fuel prices have not moved, Jet Fuel prices are up 5 times this year already
Jet fuel prices in 2022 at record high, up 26.3% in 2 months