Petrol Diesel Price: Fuel rates rise again, petrol crosses century mark

Petrol-Diesel prices rose again on Tuesday. Government oil companies have increased the price of petrol by 27 paise per liter, while the diesel price has increased by 30 paise per liter.

Petrol Diesel Price: Fuel rates rise again, petrol crosses century mark
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New Delhi: Petrol-Diesel prices rose again on Tuesday. Government oil companies have increased the price of petrol by 27 paise per liter, while the diesel price has increased by 30 paise per liter.


With this increase, petrol went to Rs 91.80 per liter in Delhi on Tuesday and diesel reached Rs 82.36 per liter. The most worrying thing is that petrol prices have crossed the Rs 100 per liter level in some places including Rajasthan, Madhya Pradesh and Maharashtra.


Rate did not increase for two days


Oil marketing companies (OMCs) had stopped the price hike for the past 18 days due to elections. After that, oil prices rose continuously for 4 days. Petrol and diesel prices were increased by 15 paise and 18 paise per liter respectively on Tuesday, 19 paise and 21 paise per liter respectively on Wednesday and 25 and 30 paise respectively on Thursday. 


Prices were also increased on Friday. Then there was a lull for two days but from Monday the rates started climbing again.


15-day break


The fuel price fell by 16 paise and 14 paise per liter on 15 April after a 15-day break when oil companies held their prices steady. After this, the revision in fuel prices was stopped.


How are petrol, diesel prices fixed?


Petrol-Diesel prices are fixed everyday at 6 am. After adding excise duty, dealer commission and other expenses to their price, they almost double. Petrol and diesel prices change every day, depending on what the crude prices are in the international market along with foreign exchange rates.

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