Petrol and diesel prices have remained unchanged despite a sharp drop in global crude oil prices for the past six days.
Petrol and diesel prices have remained unchanged despite a sharp drop in global crude oil prices for the past six days.
While state-run oil marketing companies have not increased fuel prices since March, reportedly due to upcoming assembly elections, petrol and diesel rates are already very high across the country.
At present, a litre of petrol in Delhi costs Rs 91.17, which is the highest-ever rate recorded in the national capital. In Mumbai, the same quantity of petrol costs a whopping Rs 97.57. Petrol is retailing well above Rs 90 per litre in all major cities in the country including Kolkata, Bengaluru, Chennai, Hyderabad and more.
Similarly, diesel rates also remain elevated across the country and have touched Rs 90 per litre in Jaipur. In Mumbai, a litre of diesel costs Rs 88.60, while it is retailing at Rs 81.47 in Delhi.
It may be noted that the high rate of central and state taxes on petrol and diesel has already resulted in a sharp hike in inflation. In February, retail inflation jumped sharply from 4.06 per cent in January to 5.03 per cent in February.
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