Petrol-diesel prices hiked by 80 paise on April 3, bringing rates up by Rs 8 in 14 days
According to a price announcement issued by state fuel dealers, petrol in Delhi will now cost Rs 103.41 per litre, up from Rs 102.61 earlier,
Digital Desk: On Sunday, petrol and diesel prices were raised by 80 paise per litre, bringing the total rise in rates in less than two weeks to Rs 8 per litre.
According to a price announcement issued by state fuel dealers, petrol in Delhi will now cost Rs 103.41 per litre, up from Rs 102.61 earlier, while diesel prices would rise from Rs 93.87 to Rs 94.67.
Rates have been raised across the country and vary by state, depending on the extent of municipal taxation.
This is the 11th price rise since the end of a four-and-a-half-month rate review pause on March 22. Petrol prices have risen by Rs 8 per litre in total.
Fuel prices throughout the world are projected to climb shortly, as the Russia-Ukraine situation has had a significant influence on global crude oil supplies, resulting in a price increase. Furthermore, many analysts have predicted that fuel prices in India will rise when the elections in five important states are completed.
It should be noted that the real price of oil is not very high, but when excise tax, dealer commission, VAT, and other fees are added to the price of gasoline and diesel, the price nearly doubles.