LPG price hiked: The retail price of petrol and diesel increased by 80 paise each in Delhi from 6 am on Monday, marking the first revision since December 1 2021 and domestic cooking gas (or LPG) price was hiked by Rs 50 per cylinder. LPG price hiked by Rs 50 per cylinder, Check latest rates in your city.
On Tuesday, a litre of petrol rose to Rs 96.21 at the Rajdhani Service Station in Delhi, while diesel rates increased to Rs 87.47 per litre, reflecting an 80 paise increase from petrol costs of Rs 95.41 on Monday, while diesel rates stood at Rs 86.67 per litre.
Domestic cooking gas (or LPG) price was hiked by Rs 50 per cylinder on Tuesday for the first time since early October, quoting sources. That increase in retail fuel prices comes for the first time since November and has remained unchanged across metro cities for the most prolonged duration since the daily revision of prices began in June 2017.
But speculation was that fuel prices might rise as assembly elections have ended in Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur. The Centre had cut excise duty on November 4, 2021, to give relief from prices that had reached an all-time high level. The government had slashed the duty on petrol by Rs 5 per litre and diesel by Rs 10 a litre, leading to a substantial reduction in fuel prices.
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Later in December 2021, the Delhi government had reduced the value-added tax (VAT) on petrol from 30 per cent to 19.40 per cent. With this, petrol prices in the national capital were slashed by Rs 8.56 per litre.
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