New Delhi: Fuel prices were hiked for the 12th time in two weeks on Monday. With the increase, petrol now costs Rs 103.81 per litre in Delhi and diesel Rs 95.07 a litre, up by 40 paise each, Media reported. Petrol is priced at Rs 118.83 per litre in Mumbai after its rate was increased by 42 paise, and diesel costs Rs 103.07 following a 43-paise hike.
In Chennai, the prices of petrol and diesel were increased to Rs 109.34 and Rs 99.42 per litre after an increase of 38 paise each. In Kolkata, the price of petrol went up by 42 paise to Rs 113.45 per litre and diesel by 40 paise to Rs 98.22 a litre.
The revision in fuel prices resumed on March 22, twelve days after Assembly elections results were announced for Uttarakhand, Uttar Pradesh, Manipur, Goa, and Punjab.
Ahead of the Assembly polls in five states, fuel rates had been on a freeze since November 4. However, during this period, the cost of crude oil surged by nearly $30 per barrel. Oil firms had not revised fuel prices for 137 days despite the substantial increase in global oil prices.
(Smit)
