Petrol Prices Jump to Rs 84.99 in Mumbai, Diesel Soars to Rs 68.34 in Delhi: Check City-Wise Fuel Rates After 10th Consecutive Hike
The international crude oil rate, used as a benchmark for revising domestic fuel prices, is hovering around $78.8, down from $84.4 on May 14.
New Delhi/Mumbai, May 23: FuelĀ ratesĀ were hiked for a 10th consecutive day in a row on Wednesday, taking the costs of petrol and diesel to a record-high. The worst brunt of the hike will be felt in Mumbai, whereĀ oneĀ litre of petrol will cost Rs 84.99. In Delhi, the motorists using diesel cars will have to shell-out Rs 68.08 per litre.
The latest hike comes despite the brent crude oil falling byĀ 50 cents to $78.84. The domestic fuel prices rose to an unprecedented level after the international crude oil rocketed to $84.40 on May 14.
Although the crude oil has devalued significantly over the past eight days, oil corporations in India have continued to increment the prices. Analysts claim this is the result of the status quo maintained by the state-owned oil companies for nearly 15 days ahead of the Karnataka assembly elections. Since the rates were not altered during the period, a loss of nearly Rs 500 crore is reported to be borne by the oil PSUs.
Check City-Wise Petrol Rates For May 23:
Petrol in Delhi will cost RsĀ 77.17 - 40 paise more than Tuesday. In Chennai, the price has surged to RsĀ 80.11 - 32 paise more than yesterday. Kolkata braces for 30 paise hike vis-a-vis Tuesday, as the price has jumped to RsĀ 79.83. In Mumbai, where petrol remains the costliest across the nation, the cost per litre has been increased from Rs 84.70 to Rs 84.99.
For petrol rates of other cities (state capitals and UTs), search the table below:
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Check City-Wise Petrol Rates For May 23:
Diesel remains the costliest in Hyderabad, where per litre of the fuel will cost Rs 74.28 today. In Delhi, the price went up from Rs 68.08 to Rs 68.34. Mumbai faces a 26 paise hike in Diesel rates, whereas, Kolkata will have to shell out Rs 70.89 per litre. The revised rate of the fuel in Chennai is Rs 72.14.
For petrol rates of other cities (state capitals and UTs), search the table below:
| State Capitals | Prices | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The price of petrol and diesel, over the past 10 days, has been increased by nearly Rs 2.5 per litre. The hike is likely to cause a ripple effect, leading to inflation as transport costs of commodities is likely to go up. In wake of the flak generated, the government has indicated that it would take interventionary measures at the earliest.
(The above story first appeared on LatestLY on May 23, 2018 09:08 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).