Petrol Price Hikes Rs 3.10 In 5 Days, Check New Rates For Your City

Prices For Petrol & Diesel Are Rising

On Saturday the prices of both fossil fuels petrol & diesel again hiked by 70 paise & 80 paise as per the date given by the (Indian Oil Corporation). In the past five days, the prices have increased four times. Petrol and Diesel marketing companies have been increasing the prices since March 22. The price rose for the first time after four months and was increased by 80 paise on March 22. And after that modification is done several times for the prices of both the fossil fuels.

Petrol & Diesel Price Impact

• As per the notification of fuel retailers, the price of petrol in Delhi rose to Rs.98.61 per liter & diesel climbed up to Rs 89.87 per liter.
• While for Mumbai petrol price rose by 84 paisa which results in Rs.113.35 per liter.
• In Chennai, the rates are increased by 76 paisa after which petrol will cost Rs.104.43 per liter.
• Kolkata citizens will have to buy petrol for Rs.108.01 per liter, as prices hiked by 83 paisa.

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Reason For Price Hike

As per the center, the Russia-Ukraine war is responsible for the surge in fuel prices. Union Minister Nitin Gadkari said, “In India, 80% of the oil is imported. Amid the ongoing war between Russia and Ukraine, the oil prices have spiraled up within international markets and we can not do anything about that.”

He further states that he wanted to make India self-reliant with “which, we need to make our own fuel”. He also states that we need to develop our energy generation capabilities.

Mr. Gadkari states, “India will soon have a ₹40,000 crore ethanol, methanol, and bio-ethanol production economy, reducing our dependence on petroleum imports.”

Petrol Prices As Of Today:

Diesel Prices As Of Today: