KI News

Petrol crosses Rs 95 a litre in Delhi, above Rs 100 mark in six states

Decrease Font Size Increase Font Size Text Size Print This Page

New Delhi: Petrol price on Sunday crossed Rs 95 a litre in Delhi and diesel breached Rs 86 per litre mark for the first time ever as fuel prices were hiked again.

Petrol price was increased by 21 paise per litre and diesel 20 paise a litre, according to a price notification of state-owned fuel retailers.

The hike – 20th since May 4 – took fuel prices across the country to a historic high. Petrol is now above Rs 100 per litre mark in six states and union territories – Rajasthan, Madhya Pradesh, Maharashtra,Andhra Pradesh, Telangana and Ladakh.

In Delhi, petrol hit an all-time high of Rs 95.09 a litre, while diesel is now priced at Rs 86.01 per litre.

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.

Retail prices have risen after an increase in international oil prices on investors’ optimism that improving demand and a dwindling supply glut may mean the market can absorb any additional production from OPEC and its allies.

Leave a Reply

Your email address will not be published. Required fields are marked *