Petrol And Diesel Prices Hiked Again In India, Check Out The Latest Rates Here

Petrol And Diesel Prices Hiked Again In India, Check Out The Latest Rates Here

The petrol and diesel prices in India witnessed another 80-paise hike per litre on Friday, third increase in four days. Petrol and diesel have seen an overall increase of ₹2.4 per litre after months-long hiatus as India’s top fuel retailers kept fuel prices on hold during elections in five states.  A record 137-day hiatus in rate revision ended on March 22 with an 80 paise per litre increase in rates.

Petrol in Delhi will now cost ₹97.81 per litre as against ₹97.01 previously while the diesel rate has gone up from ₹88.27 per litre to ₹89.07/litre, according to a price notification by Indian Oil Corporation.

In Mumbai, petrol price has been increased by 84 paise to ₹112.51 while in Chennai prices went up by 76 paise to ₹103.67. In Kolkata, rates increased to ₹107.18 from ₹106.34 (84 paise hike).

The diesel price hike in Mumbai was 85 paise per litre. Mumbai’s diesel rates stand at ₹96.70/litre.

Rates differ from state to state depending on the incidence of local taxes.


The petrol and diesel rates had been on a freeze since November 4 — a period during which the cost of raw material (crude oil) soared by $ 30 per barrel.

The rate revision was expected soon after assembly elections ended on March 10 but it was put off.

On Thursday, Moody’s Investors Services said that state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation (HPCL) together lost around ₹19,000 crore in revenue for keeping the prices on hold.

“Based on current market prices, the oil marketing companies are currently incurring a revenue loss of around USD 25 (over ₹1,900) per barrel and USD 24 per barrel on sale of petrol and diesel, respectively,” Moody’s said in a report.

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