Petrol became costlier by Rs 2.61 and diesel by Rs 2.71 per litre on Monday, the fourth increase in two weeks. The hike has put a strain on household budgets and transportation costs ... Read more

Fuel prices were hiked again on Monday, taking the price of petrol by Rs 2.61 per litre and diesel by Rs 2.71 per litre, the fourth increase in less than two weeks.

After this increase, the price of petrol in Delhi has become Rs 102.12 per liter and the price of diesel has become Rs 95.20 per liter.

Petrol price in major cities-

What is the price of petrol in major cities now?

If we talk about the oil prices in major cities of India, then it is Rs 102.12 in Delhi, Rs 113.51 in Kolkata, Rs 111.21 in Mumbai, Rs 101.9 in Noida, Rs 110.6 in Bengaluru, Rs 108.8 in Bhubaneswar, Rs 101.5 in Chandigarh, Rs 113.4 in Jaipur, Rs 101.9 in Lucknow, Rs 113.5 in Patna per liter.

What is the price of diesel now in major cities?

If we talk about the price of diesel in major cities of India, then it is Rs 95.2 in New Delhi, Rs 99.8 in Kolkata, Rs 97.8 in Mumbai, Rs 99.6 in Chennai, Rs 95.4 in Gurgaon, Rs 95.4 in Noida, Rs 98.5 in Bengaluru, Rs 100.6 in Bhubaneswar, Rs 89.5 in Chandigarh, Rs 103.8 in Hyderabad, Rs 98.4 in Jaipur, Rs 95.4 in Lucknow, Rs 99.5 in Patna per liter.

Prices were increased last Saturday

Petrol and diesel prices were raised last Saturday, when petrol prices were increased by 87 paise and diesel by 91 paise. CNG prices in Delhi also rose by 1 rupee per kilogram on Saturday, reaching 81.09 rupees per kilogram.

Why did fuel prices increase again?

During the ongoing war between the US, Israel, and Iran, Iran seized control of the Strait of Hormuz, disrupting global oil supplies. The sanctions imposed by Iran in the Strait of Hormuz have led to a sharp rise in crude oil prices.

Despite the rise in crude oil prices over the past several weeks, India's oil marketing companies had been selling petrol and diesel at the old prices. However, for the past two weeks, oil prices have been rising.

According to estimates, the three oil and gas companies—Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL)—were collectively losing more than ₹1,000 crore per day. Therefore, the government had to raise prices.

 PC: Jagran