Petrol, diesel prices hiked after 137 days hiatus; LPG dearer by Rs 50 | Check new rates

The Indian Oil Corporation on Monday informed that a hike would be seen in the prices of petrol and diesel from today (March 22). Petrol and diesel prices will increase by 80 paise, a hike that comes after 137 days of fuel rates kept unchanged.

In the national capital Delhi, petrol price is at Rs 96.21 per litre and diesel now costs Rs 87.47 per litre. With the new price hike, petrol in Mumbai will now cost Rs 110.82 per litre, while diesel will cost Rs 95 per litre. 

Petrol and diesel prices now stand at Rs 105.51 and Rs 90.62 per litre respectively in Kolkata, and Rs 102.16 and Rs 92.19 per litre in Chennai respectively.

Meanwhile, the price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said on Monday.

Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers.

Also, domestic cooking gas (LPG) price was hiked by Rs 50 per cylinder on Tuesday in line with a spike in international energy prices. A 14.2-kg non-subsidised LPG cylinder will now cost Rs 949.50 in the national capital. This is the first increase in LPG rates since early October. Prices have been on a freeze since then despite the cost of raw material spiralling. Sources said a 5 KG LPG cylinder will now cost Rs 349 while the 10 kg composite bottle will come for Rs 669. READ MORE

READ MORE: Diesel price hiked Rs 25 per litre for bulk users

READ MORE: LPG price hiked by Rs 50 per cylinder

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