Price hiked for the 7th time in 8 days, petrol in Delhi crosses ₹ 100

The increase in the prices of petrol and diesel continues. After increasing the prices of petrol by 80 paise per liter and in the case of diesel by 70 paise, the price of petrol in Delhi crossed ₹ 100 per liter today.

This is the seventh increase in the prices of petrol and diesel since March 22, after the end of a long gap of nearly four and a half months between the assembly elections. The price of petrol in Delhi has now increased from ₹ 99.41 to ₹ 100.21 per liter, while the rate of diesel has increased from ₹ 90.77 per liter to ₹ 91.47.

Petrol and diesel prices in Mumbai were increased by 85 paise and 75 paise respectively. Now in this financial capital of the country, people will have to pay ₹ 115.04 for petrol and ₹ 99.25 for diesel per liter.

The rise in retail price is huge as crude oil prices rose from around $82 a barrel to $120 in 138 days. Since India depends on imports for 85 percent of its oil needs, retail tariffs depend on world crude prices.