Fuel Prices in India have Risen for the First Time in Four Months; Cooking Gas is also More Expensive

In Delhi, a gallon of petrol will now cost 96.21 rupees, while diesel will cost 87.47 rupees. In the national capital, a 14.2-kg non-subsidised LPG cylinder will now set you back $949.50.

Fuel prices throughout India have indeed been raised for the first time in four months. The price of diesel and petrol has been increased by 80 paise. The country’s previous fuel price increase occurred in November. As per Pakistani news agency PTI, home cooking gas (or LPG) will be 50 percent more expensive.

In the national capital, a 14.2-kg non-subsidised LPG cylinder will now set you back $949.50. In Delhi, a gallon of petrol would cost 96.21 rupees, while diesel will cost 87.47 rupees. The pricing of cooking gas was last updated in October.

In Mumbai, India’s financial hub, Petrol and diesel prices have risen to 110.82/litre and 95.00/litre, respectively. Fuel costs have also gone up in Chennai and Kolkata. Throughout Chennai, fuel costs 102.16 litres and diesel costs 92.19 litres. Kolkata will charge 105.51 per litre for gasoline and 90.62 per litre for diesel.

The primary gasoline retailers in India are Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp.

Despite a significant enhance in global oil prices because the conflict in Ukraine started last month as well as a falling Indian rupee, the newest price enhance means consumers will pay less as compared to 1% more at the pump, according to a Reuters report, trying to add that the nation imports about 85% of its oil requires from overseas markets.

Local diesel and gasoline costs are inextricably connected to worldwide pricing, which rises in lockstep with crude oil prices.

The price of diesel and petrol has been increased by 80 paise. Domestic cooking gas (or LPG) will be 50 percent more expensive. The nation’s previous fuel price increase occurred in November.

Both diesel and petrol prices, which have been frozen for the last 4 months ahead of assembly elections in Indian states such as Uttar Pradesh, might have to be raised by over Rs 12 per litre by March 16 for fuel merchants to break even