Hitting The Common Man : Petrol, Diesel Prices Soar, Highest Since September 2018

Image : Representational Purpose Only

Petrol and diesel prices were hiked sharply as global rates continue to rise. Petrol and diesel rates, which have been rising for the past six days, are now at the highest level since September 2018.

On Monday, the price of petrol was hiked by 29-31 paise across all circles in the country. After todays hike, a litre of petrol in Delhi will cost Rs 83.71, up 30 paise from Rs 83.41 on Sunday. The price has crossed Rs 85 per litre in most cities like Kolkata, Chennai, Bengaluru, Hyderabad and Patna.

In Mumbai and Jaipur, a litre of petrol now costs more than Rs 90. Petrol price has seen a sharp rise over the past few days in almost all cities and could become weigh in on the projects of early economic recovery.

Diesel, too, has seen an equally sharp rise in rate. After increasing almost 30 paise yesterday, diesel price in Delhi has been again increased by 26 paise today. Now, a litre of diesel in Delhi will cost Rs 73.87 in comparison to Rs 73.61 yesterday.

In Mumbai, Jaipur, Hyderabad and Bhubaneshwar, diesel rates have crossed Rs 80 per litre. In all other major cities, the rate has crossed Rs 75 per litre. In the last 17 days, the price of petrol has gone up by Rs 2.35 per litre while diesel rate has increased by Rs 3.15.