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| Edited By: DNA Web Team |Source: DNA Web Desk |Updated: Mar 25, 2022, 09:10 AM IST
State-owned oil marketing companies raised petrol and diesel prices by 80 paise again on Friday after a one day gap. After no increase in the prices of petrol and diesel in the country for about 137 days, these prices were revised for the very first time on Tuesday.
An increase of 80 paise each was done by OMCs on March 22 and March 23. After this, March 24 was a relief day as oil companies did not increase the price of fuel. With these increases since Tuesday, petrol and diesel prices have gone up by Rs 2.40 a litre.
In New Delhi, petrol now costs Rs 97.81 per litre against Rs 97.01 and diesel Rs 89.07 per litre after the price revision. In the financial capital Mumbai, prices were hiked to Rs 112.51 per litre for petrol and diesel to Rs 96.07 per litre. In Chennai, prices went up by 76 paise to Rs 103.67. In Kolkata, rates hiked to Rs 107.18 from Rs 106.34 (84 paise hike).
Read | Petrol, diesel price March 22: Check today's fuel rate in your city
Government oil marketing companies can change the price of petrol and diesel daily based on the prices of crude oil released internationally. These include oil companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).
Let us inform that during the recently held assembly elections in five states, there was no increase in the prices of petrol and diesel for 137 days.
In the international market, an increase of about 45% was registered in the prices of crude oil within these 137 days. At the same time, due to not increasing the price of petrol and diesel in India, the oil companies had to face a huge loss of about Rs 19,000 crores.
According to a media report, to compensate for this loss, oil companies will now gradually increase the prices.
Read | Petrol-diesel price hike: Here's the reason behind it
New Delhi - Petrol costs Rs 97.81 per litre and diesel Rs 89.07 per litre
Mumbai - Petrol costs Rs 112.51 per litre and diesel Rs 96.07 per litre
Chennai - Petrol costs Rs 103.67 per litre and diesel Rs 93.71 per litre
Kolkata - Petrol costs Rs 107.18 per litre and diesel Rs 92.22 per litre
