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Fuel Prices See Substantial Hikes In 1 Week

With petrol and diesel prices back to regular revisions, Monday saw prices hiked for the sixth time in one week. The price for petrol was increased by 30 paise per litre while diesel got costlier by 35 paise per litre. This takes the total quantum of the hike to Rs. 4.00 per litre for petrol and Rs. 4.10 per litre for diesel in the last week. Petrol in Delhi today morning stood Rs. 99.41 per litre. Diesel meanwhile retailed for Rs. 90.77 per litre. The price of petrol in Mumbai currently stands at Rs. 114.19 per litre, while diesel retails at Rs. 98.50 per litre. Petrol and diesel prices have been on the boil ever since daily price revisions commenced on March 22 after a 137-day hiatus. Prices for petrol and diesel in India depend on the existing market rate for crude oil and the going exchange rate at the time. Prices are revised at 6 am every day. after considering these factors.

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