Petroleum Marketing Companies (OMC) raised fuel prices on Saturday after keeping them unchanged on Friday. The OMC increased the price of petrol by 80 paise in Delhi while diesel prices increased by 80 paise. In Delhi, a liter of petrol will now cost ₹102.61 and a liter of diesel will be sold at ₹93.87.
The price of petrol in Mumbai has been raised by 85 paise bringing the prices of petrol and diesel per liter to ₹117.57 and ₹101.79, respectively. While in Chennai the price of petrol has been increased by 76 paise and it is now sold at ₹108.21 and diesel at ₹98.28. In Kolkata, the price of petrol is ₹112.19, increased by 84 paise and the diesel is ₹97.02, increased by 80 paise.
In Bangalore, the price of a liter of petrol is ₹108.14and a liter of diesel is sold at ₹92.05. Meanwhile, in Bhopal, a liter of gasoline is sold to ₹115.09 and a liter of diesel at ₹98.28.
Notably, fuel prices continue to rise, with petrol and diesel tariffs each rising by 80 paise per liter each on Thursday, leading to an increase of around ₹7.20 per liter in ten revisions in 12 days so far.
Prices are expected to rise further given the sharp increase in crude oil prices in international markets. This will have a cascading impact on the prices of other items and lead to inflationary pressures and hurt growth. This will have a cascading effect on the prices of other items.
In addition, the price of CNG in the nation’s capital on Friday was increased by 80 paise per kg, while the tariffs for piped cooking gas were increased by a steep ₹5 per cubic meter on the back of the government raising natural gas input prices to record highs.
The price of CNG in the National Capital Territory (NCT) of Delhi has been increased to ₹60.81 per kg from ₹60.01, according to information posted on the website of Indraprastha Gas Ltd (IGL) – the company that retails CNG and piped cooking gas in the nation’s capital.
This is the sixth CNG price increase in the past month. In total, rates increased by approximately ₹4 per pound.
PNG domestic price increased by ₹5 per standard cubic meter (SCM) effective April 1, 2022, partially covers the rising cost of input gas, the company said. The applicable price in Delhi would be ₹41.61/SCM (VAT included).
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