Petrol, diesel prices big jump today: diesel Rs 100 in Mumbai. Check major cities latest rates

Petrol price on Wednesday was hiked by 80 paise a litre and diesel also by 80 paise, taking the total increase in rates in the last one week to Rs 5.60 per litre. Petrol, diesel prices big jump today: diesel Rs 100 in Mumbai. Check major cities latest rates.

Petrol in Delhi will now cost Rs 101.01 per litre as against Rs 100.21 previously while diesel rates have gone up from Rs 91.47 per litre to Rs 92.27, according to a price notification of state fuel retailers. In Mumbai, the prices of petrol and diesel were hiked by 84 paise and 85 paise respectively.

Now, the people in the finance capital will have to pay Rs 115.88 for petrol and Rs 100.10 for diesel. The revised rates of petrol and diesel in Chennai is Rs 106.69 and Rs 96.76. This is the ninth increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.

On the first four occasions, prices were increased by 80 paise a litre – the steepest single-day rise since the daily price revision was introduced in June 2017. On the following days, petrol price went up by 50 paise and 30 paise a litre, while diesel rose by 55 paise and 35 paise a litre.

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In all, petrol and diesel prices have gone up by Rs 5.60 per litre – the steepest increase in any eight days since the daily price revision was implemented in June 2017.

Finance Minister Nirmala Sitharaman on Tuesday defended the 137-day hiatus in fuel price revision, saying the disruption in supply chains and the resultant increase in global oil prices due to the war in Ukraine was a “couple of weeks” phenomenon resulting in the record hike in petrol and diesel prices in last 8 days.