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Fuel prices hiked again for fifth time in six days; Check new rates here

By Ruchi Upadhyay 
Updated Date

New Delhi: The petrol and diesel prices on Sunday were hiked once again for the fifth time in six days. The price of petrol in Delhi rose to Rs 99.11 per litre with a hike of 50 paise, while diesel will now cost Rs 90.42 per litre, hiked by 55 paise.

Also Read :- Govt's big move to control inflation: Biggest excise duty cut, more LPG & fertilizer subsidy | know city-wise rates here

In Delhi, petrol will now cost ₹99.11 a litre while diesel rates have gone up from ₹89.87 per litre to ₹90.42, according to a price notification of state fuel retailers.

Petrol and diesel rates vary from state to state depending upon the incidence of local taxation. Petrol in Mumbai will now cost ₹113.88 per litre and diesel ₹98.13 per litre, an increase of 53 paise and 58 paise respectively.

The cost revision has taken the petrol price in Chennai to ₹104.90 per litre and diesel to ₹95.00 a litre. In Kolkata, the price of petrol per litre is ₹108.53 and diesel is ₹93.57.

Since Tuesday, fuel prices have been increased by over Rs 3.20 a litre. The revision in rate since March 22 has been 80 paise a litre.

Also Read :- Fuel on fire: Petrol price in Mumbai reaches record high; Check rates in metro cities

Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.

Earlier on all four occasions, prices had been increased by 80 paise a litre – the steepest single-day rise since the daily price revision was introduced in June 2017. In all, petrol prices have gone up by Rs 3.70 per litre and diesel by Rs 3.75 in six days.

Congress has accused the BJP-led government of “profiteering” through a repeated increase in the prices of petrol and diesel. Congress leader Randeep Singh Surjewala told a media briefing that the Modi Government “has earned ₹26 lakh crore in eight years” by increasing excise duty on petrol and diesel.

“People of India have been betrayed, duped and deceived by government,” he alleged.

The increase in retail price warranted from crude oil prices rising during the 137-day hiatus from around USD 82 per barrel to USD 120 is huge but state-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are passing on the required increase in stages.

Also Read :- Petrol, diesel prices go up again after day's gap, total hike ₹ 7.20 in 12 days | Check fuel rates here

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