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Fuel Prices Hiked After 137 Days In India

After a hiatus of 137 days, fuel prices in India have been hiked by up to 90 paise today. Petrol prices in Delhi stand at Rs. 96.21 per litre, up by 80 paise compared to a day ago, while diesel is now retailed at Rs. 87.47 per litre. At the same time, petrol prices in Mumbai stand at Rs. 110.82 per litre, while diesel is being retailed at Rs. 95 per litre, a hike of 84 paise and 86 paise respectively compared to a day ago. India imports about 85 per cent of its oil needs, making it the world's third-biggest oil importer and consumer. The country's local petrol and diesel prices are linked to the international costs of the two fuels, which move proportionally to crude prices.

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