India sees first fuel price hike in 4 months. Cooking gas costlier too

A litre of petrol in Delhi will now cost 96.21 and diesel will be sold at 87.47 per litre. A 14.2-kg non-subsidised LPG cylinder will now cost 949.50 in the national capital.
The latest price increase means consumers will pay less than 1% more at the pump. (HT File photo)
The latest price increase means consumers will pay less than 1% more at the pump. (HT File photo)
Published on Mar 22, 2022 08:35 AM IST
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In the first hike in four months, the fuel prices have been raised in India. Diesel and petrol prices have been hiked by 80 paise. It was in November when the country saw the last fuel price surge. The domestic cooking gas (or LPG) is set to be costlier by 50, according to news agency PTI.

A litre of petrol in Delhi will now cost 96.21 and diesel will be sold at 87.47 per litre. A 14.2-kg non-subsidised LPG cylinder will now cost 949.50 in the national capital. The cooking gas costs were last revised in October.

Read more: India's oil imports from US to rise by 11% amid criticism over Russia purchase

In Mumbai, India's financial capital, the petrol and diesel prices have increased to 110.82/litre and 95.00/ litre, respectively. Fuel prices in Chennai and Kolkata have also been increased. In Chennai, it is 102.16 per lire for petrol and 92.19 per litre for diesel. Kolkata will sell petrol for 105.51 per litre and diesel for 90.62 per litre.

CitiesPrices Today (Per litre)
PetrolDiesel
Delhi 96.21 87.47
Mumbai 110.82 95.00
Chennai 102.16 92.19
Kolkata 105.51 90.62

Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp are the major fuel retailers in India.

The latest price increase means consumers will pay less than 1% more at the pump, despite a substantial increase in global oil prices since the conflict in Ukraine began last month, and a falling Indian rupee, a Reuters report said, adding that the country ships in about 85% of its oil needs from overseas markets.

The local diesel and petrol prices are directly linked to international prices, which directionally follow increases in crude oil prices.

(With inputs from Reuters, PTI, ANI)

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Saturday, June 25, 2022