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Fuel price hiked by 80 paise, one liter of petrol crosses Rs 120 in Mumbai

Petrol price in Mumbai has been increased by 84 paise and diesel by 85 paise per liter. Petrol in Mumbai is being sold at Rs 120.51 per liter, while diesel is being sold at the rate of Rs 104.77 per liter. After an increase of 85 paise in Chennai, petrol is being sold at Rs 110.95 and diesel at Rs 101.04 per liter. Fuel rates were hiked by 81 paise in Kolkata today, after which the price of one liter of petrol has been fixed at Rs 115.12 and that of diesel at Rs 99.83. Let us inform that after 22 March, the prices of petrol and diesel have been increased for the 16th consecutive day. During this time, the price of fuel has increased by up to Rs 10 per liter.

Fuel price hiked by 80 paise, one liter of petrol crosses Rs 120 in Mumbai

Delhi

Petrol: Rs 105.41 per liter

Diesel: Rs 96.67 per liter

Mumbai

Petrol: Rs 120.51 per liter

Diesel: Rs 104.77 per liter

Chennai

Petrol: Rs 110.95 per liter

Diesel: Rs 101.04 per liter

Kolkata

Petrol: Rs 115.12 per liter

Diesel: Rs 99.83 per liter

Fuel price hiked by 80 paise, one liter of petrol crosses Rs 120 in Mumbai

CNG prices also increased

On Wednesday, the prices of Compressed Natural Gas (CNG) along with petrol and diesel were also increased. After the increase of Rs 2.5 in the price of CNG, CNG is being sold in Delhi at the rate of Rs 66.61 per kg. At the same time, the price of CNG has been increased by Rs 5 in the last 48 hours in Noida and Ghaziabad adjacent to Delhi.

Fuel price hiked by 80 paise, one liter of petrol crosses Rs 120 in Mumbai

New prices are fixed every day

Oil refinery companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel rates on a daily basis, taking into account crude oil prices in international markets and rupee-dollar exchange rates. Any change in the prices of petrol and diesel is effective from 6 am every day. India is dependent on 85% petroleum imports to meet its oil requirements. Domestic petrol and diesel prices are linked to crude oil rates in the international market, with changes in domestic rates subject to change.

Fuel price hiked by 80 paise, one liter of petrol crosses Rs 120 in Mumbai

Crude oil demand decreased

Globally, oil futures slipped today, extending losses from the previous days. Selling was driven by a strong US dollar, while rising US crude stocks and an extended lockdown in Shanghai kept demand sluggish. Brent crude futures fell 97 cents, or 0.9 per cent, to $105.67 a barrel, while US West Texas Intermediate futures were down 98 cents, or 1 per cent, at $100.98 a barrel.

Fuel price hiked by 80 paise, one liter of petrol crosses Rs 120 in Mumbai

Know the fuel price in your city

Finding the price of petrol and diesel is very easy. You can now check everyday fuel prices from your smartphone as well. For this you can send SMS to Indian Oil SMS service mobile number 9224992249. To get the latest rate via message, type in the message box – RSP, petrol pump dealer code. You can check the RSP code of your area on the Internet. After sending the message, you will be informed about the latest rate of petrol and diesel.

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