New Delhi: The prices of petrol diesel were raised by over 80 paise a litre on Tuesday nearly after a break of 137 days.
There is a strong increase of 80 paise per liter in petrol prices, diesel also became costlier by 80 paise per liter. While the price of petrol at Delhi's petrol pump reached Rs 96.21 per liter on Tuesday, diesel also went down to Rs 87.47.
This was the first fuel price hike since November 2, 2021. On November 4th, the government announced an Rs 5 per litre cut in excise duty on petrol and an Rs 10 per litre cut in excise duty on diesel to provide relief to customers and cushion them against the soaring prices international crude oil prices.
The crude oil market has been hot since the Russian attack on Ukraine and following this, the crude oil went beyond $140 per barrel. However, it went below $100. But it's starting to climb again as crude oil rose again in the US market on Monday.
At the close of trading that day, the price of Brent crude rose to $ 115.61 per barrel. On the other hand, WTI crude oil also reached $ 111.80.
Meanwhile, on the same day, cooking gas prices too were raised by Rs 50 in Delhi, Mumbai, and other cities with effect from March 22.
Now, with the newer price, an LPG cylinder will cost Rs 949.50 in Delhi while in Kolkata, you will have to shell out Rs 976. In Chennai, it will cost Rs 965.50 and in Lucknow, it will set you back by Rs 987.50.
In last week, the government had also raised the bulk diesel prices by Rs 25 a litre and aviation fuel is up 50 percent since January.
Also watch: