Fuel Prices Hiked By 34 Paise, Diesel Retail Price Breaches Rs. 80 Mark In Delhi

Fuel prices have been hiked yet again in the country by 34 paise, crossing the Rs. 80/litre retail price mark in the national capital. Petrol is being retailed at Rs. 89.88 per litre in Delhi today while diesel is being retailed at Rs. 80.27 per litre. While in many cities fuel retail prices have even breached the Rs. 90 mark, it is being retiled at triple digits in some parts of Rajasthan. Petrol will cost you Rs. 100.49 per litre in Sri Ganganagar and diesel is being sold at Rs. 92.47 per litre.

Also Read: Petrol Prices Breach ₹ 100/Litre Mark In Sri Ganganagar, Rajasthan; In Metros Fuel Rates Go Up By Around 27 Paise

Petrol is being retailed at triple-digits in some parts of Rajasthan.

In Mumbai, petrol is being retailed at Rs. 96.32 per litre while diesel is being retailed at Rs. 87.32 per litre. Similarly in Kolkata, petrol is going to cost you Rs. 91.11 per litre while diesel is being retailed at Rs. 83.86 per litre. Moving to the southern part of India, petrol will cost you Rs. 92.89 per litre while diesel will cost you Rs. 85.09 per litre. In Hyderabad, petrol is being retailed at Rs. 93.45 per litre while diesel at Rs. 87.55 per litre and in Patna petrol will cost you Rs. 92.24 per litre while diesel will cost you Rs. 85.50 per litre.

Also Read: Fuel Prices Hiked For 8Th Consecutive Day; Petrol Touches New High Of ₹ 89.29/Litre In Delhi

Petrol prices have crossed Rs. 90 mark in many cities.

The perpetual hike in fuel prices is primarily attributed to the soaring rates of Brent crude oil. On Monday, Brent crude oil prices for April delivery reached $60 per barrel which is the highest in a year. It is further aided by economic revival hopes and supply curbs by producer group OPEC and its partners. Rising crude prices are impacting petrol and diesel rates in India and it is expected to continue further, till the fluctuation stabilises. In fact, the Reserve Bank of India had asked the Centre to cut petroleum prices, but the government officials in the know of the development said it is highly unlikely that the Centre will reduce the excise duty.