Petrol, diesel prices hiked again. Check today’s rates in top cities

Petrol price crosses Rs 70 in Delhi, diesel retails over Rs 64. Check latest rates

Petrol, diesel prices hiked again. Check today’s rates in top cities

Petrol price was raised by 38 paise per litre and diesel by 49 paise a litre, according to price notification issued by state-owned oil firms.

In Delhi, a litre of petrol now costs Rs 70.13 per litre compared to Rs 69.75 recorded yesterday.

Transport fuel rates were hiked for the fifth time this month and saw their steepest rise on Sunday, amid global crude oil rates continuing to climb handsomely following the implementation of output cuts by oil producers from January 1.

In Mumbai, petrol price has jumped to Rs 75.77 per litre and diesel price has also crossed Rs 67 per litre after it was increased by 52 paise today.

The AA said the average cost of a litre of petrol is 132.9 cent - the lowest level since August 2017 - and down from 136.9 cent in December 2018.

Petrol prices in many cities including Kolkata (Rs 72/24/litre), Chennai (Rs 72.79/litre), Gurugram (Rs 71.10/litre), Bengaluru (Rs 72.44/litre), Hyderabad (Rs 74.40/litre), Patna (Rs 74.58/litre) and Trivandrum (Rs 73.55/litre) are higher than most other cities. Diesel price has declined by Rs 13.53 per litre in two and a half months. India's fuel price is linked directly to crude oil rate because about 80% of our requirements are imported.

With petroleum products being outside the GST regime, prices vary as a result of local taxes.

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