Diesel price hiked again reach Rs 96.94: Check today petrol and diesel rate

Diesel price on Monday was hiked again, the third increase in rates after the state-owned oil firms ended a three-week hiatus in rates following international oil prices surging to their highest since 2018.

Though, petrol prices remained unchanged across metros, according to a price notification of state-owned fuel retailers. Price of diesel has been hiked to Rs 89.32 per litre in Delhi whereas petrol costs Rs 101.19 a litre in the capital. In Mumbai, diesel become costly at Rs 96.94 whereas petrol price remained steady at Rs 107.26.

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State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had on September 24 resumed daily price revision, ending the pause in rates hit since September 5. India is dependent on imports to meet nearly 85 per cent of its oil needs and so benchmarks local fuel rates to international oil prices.

Meanwhile, oil prices surged at the start of the week’s trading on signs that the crude market is tightening because of a global energy crunch. Oil has surged more than 80% over the past year as worldwide demand recovers from the disruption caused by the pandemic.

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