news details |
|
|
| Petrol, Diesel Prices Hiked Again Across Metros | | |  Fuel prices were hiked on Saturday, April 2, 2022 by 80 paise each across the four metros. This is the 10th increase in prices since they were first hiked on March 22, ending a four-and-half-month long freeze since November 4, 2021.
In the last 12 days, petrol prices have gone up by Rs 7.20 per litre. Petrol in the national capital now costs Rs 102.61 per litre, while diesel rates have gone up from Rs 93.07 per litre to Rs 93.87, according to a price notification issued by state fuel retailers.
Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.
Fuel prices were kept unchanged on Friday, April 1, 2022 after rising for eight consecutive days.
Here are the petrol and diesel price across the metro cities:
City Petrol Diesel
Delhi 102.61 93.87
Mumbai 117.57 101.79
Chennai 108.21 98.28
Kolkata 112.19 97.02
Source: Indian Oil
Prior to the hikes which began from March 22, fuel prices had been on a freeze since November 4, 2021 for a record 137 days. During this period, assembly elections were held in politically crucial states of Uttar Pradesh, Punjab, Uttarakhand, Goa and also Manipur.
Also during this period, crude oil prices rose by $30 per barrel, yet the prices remained unchanged in the country.
State-run oil refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.
India is 85 per cent dependent on imports to meet its oil needs and the domestic petrol and diesel prices are linked to international rates.
Meanwhile on April 1, Brent crude futures were down 32 cents, or 0.3 percent, at $104.39 a barrel as the US West Texas Intermediate (WTI) crude futures fell $1.01, or 1 percent, at $99.27.
This was mainly on account of members of the International Energy Agency (IEA) agreeing to join in the largest-ever United States oil reserves release.
US President Joe Biden had on March 31, announced a release of one million barrels per day (bpd) of crude oil for six months from May 2022. |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
|
|
STOCK UPDATE |
|
|
 |
| BSE
Sensex |
 |
| NSE
Nifty |
|
|
| |
CRICKET UPDATE |
|
|
|
|
| |
| |
|
|
| |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
