Petrol, diesel prices at all-time high after fresh hike. Check latest rates

Asia's Tech News Daily

Petrol and diesel prices in India

Fuel prices were hiked by state-run oil marketing companies (OMCs) after a gap of two days as global crude oil rates keep climbing. Petrol and diesel prices were hiked by 35 paise each on Wednesday.

Petrol is retailing at over Rs 106 per litre in Delhi after the fresh hike, while it has crossed Rs 112 per litre in Mumbai. It costs nearly Rs 107 per litre in Kolkata and above Rs 103 per litre in Chennai. There are hardly any major cities left where petrol costs less than Rs 100 per litre.

Diesel prices have also witnessed a similar rise over the past few days. It costs nearly Rs 95 per litre in the national capital and almost Rs 103 per litre in Mumbai. Diesel is retailing at Rs 98 per litre in Kolkata and above Rs 99 per litre in Chennai.

Read | Fuel that flies you is cheaper than oils that ply you

The sharp rise in fuel prices comes at a time when global crude oil prices are rising rapidly due to higher demand and lower supply. An earlier report indicated that benchmark Brent crude oil could cross $90 per barrel by December, leading to a further rise in domestic fuel prices.

It may be noted that fuel prices have never been so high in the country and experts are worried that it could seriously impact economic recovery. This is because the price of petrol and diesel directly impacts the cost of many other essential and non-essential goods.

A fuel-driven inflation hike could, therefore, destabilise the economic recovery as prices of goods — from daily grocery to luxury products — will keep rising and consumer demand will fall as a result.

Higher inflation could also threaten the Reserve Bank of India’s plan to maintain a low interest rate regime that has helped the economy recover substantially after two waves of the pandemic pummelled growth.

Despite the risks, the government has defended collecting higher taxes on fuel. Taxes levied on fuel in India are among the highest in the world.

Meanwhile, the plan to include petroleum products under the ambit of GST, which is expected to significantly reduce petrol and diesel prices, is far from reaching a conclusion. Therefore, the two major options to reduce fuel prices are effectively out of reach at the moment.

This is not good news for citizens who may have to pay higher for petrol and diesel in the near future as OMCs will be forced to hike rates if global crude oil prices gain momentum.

Petrol and Diesel rates in major Indian cities:

CITY

PETROL (PER LITRE)

DIESEL (PER LITRE)

NEW DELHI

Rs. 106.19

Rs. 94.92

MUMBAI

Rs. 112.11

Rs.102.89

KOLKATA

Rs. 106.77

Rs. 98.03

CHENNAI

Rs. 103.81

Rs. 99.26

BENGALURU

Rs. 109.89

Rs. 100.75

PATNA

Rs. 110.01

Rs. 101.84

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Hurry: This Sonos Beam 2 Black Friday deal is selling fast

© Expert Reviews Hurry: This Sonos Beam 2 Black Friday deal is selling fast Soundbars Though this saving may not look like much to the naked eye, it is a ... Read more »

Shahid Kapoor opens up on his horrifying injury on Jersey sets, feared he wouldn't look the same!

© Provided by Zee News New Delhi: Bollywood actor Shahid Kapoor recently surprised his fans when he spoke to them on Instagram live, answering their pressing questions, singing songs and ... Read more »

I'm busy embracing opportunities with my entire being: Ravi Dubey

© Provided by Hindustan Times Actor Ravi Dubey on his visit to Lucknow (Deep Saxena/HT) Actor-producer Ravi Dubey feels each platform has its own charm and no content can define ... Read more »

Vicky Kaushal and Katrina Kaif wedding: Karan Johar and Farah Khan to choreograph sangeet?

Karan Johar and Farah Khan will be choreographing the sangeet ceremony of Vicky Kaushal and Katrina Kaif. Vicky Kaushal and Katrina Kaif’s wedding are hardly a few days away, according ... Read more »

My no-fly trip to Corsica: a drive across France is part of the adventure

Photograph: Creative Nature/Getty Images It takes a while to register the bullet holes that decorate each signpost along the high road out of Ajaccio, Corsica’s capital. Maybe it’s the distracting ... Read more »

Macau arrests 11 people for alleged illegal gambling and money laundering

FILE PHOTO: A logo of Macau junket operator Suncity Group is seen at a gaming fair in Macau HONG KONG (Reuters) – Macau police have arrested 11 people in an ... Read more »

PIC: Nakuul Mehta shares screenshot as he misses wife Janki & son Sufi; Says ‘Ghar aaja pardesi feelz'

Nakuul Mehta is having busy days these days. The actor is currently seen in the romantic drama Bade Achhe Lagte Hain 2 opposite Disha Parma. Viewers are liking the show ... Read more »

Nikki Tamboli Comes Out in Support of Shamita Shetty, Takes a Dig at Wildcard Contestants

© Provided by News18 Ever since Bigg Boss OTT, actress Shamita Shetty has been called dominating by her housemates and by the audiences. The same continued in Bigg Boss 15, ... Read more »

Acharya Teaser OUT: Ram Charan's role as Siddha in Chiranjeevi starrer is fierce and will give you goosebumps

© Provided by Pinkvilla Acharya starring megastar Chiranjeevi and Ram Charan is one of the much-anticipated films that is releasing on February 4, 2022. Adding excitement to the ongoing buzz ... Read more »

Man, 53, arrested over ‘murder' of woman at home in Gloucestershire

A MAN has been arrested on suspicion of murder after a woman was found dead at a house. Cops were called to a home in Stonehouse, Gloucestershire, at about 12.30am ... Read more »

Royal Mint reveal 50 pence coin for Queen's Platinum Jubilee

© Provided by The Scotsman The Royal Mint has revealed a 50 pence coin in celebration of the Queen’s Platinum Jubilee. The coin, the first 50p to be produced with ... Read more »

Get this drink-elevating can opener, on sale now for Black Friday

New York Post Store To be a true host with the most, you need to make sure you’re keeping the beer flowing like a stream at any shindig. And if ... Read more »

Inside Molly-Mae Hague and Tommy Fury's winter wonderland Christmas makeover in their new flat after break-in

MOLLY-Mae Hague and Tommy Fury have given fans a look at their incredible winter wonderland makeover in their new home ahead of the festive season. The video comes shortly after ... Read more »

Katie Price and Carl Woods reveal they are ‘living out of suitcases' as their three dogs cause chaos in hotel room

KATIE Price and Carl Woods have revealed that they are “living out of suitcases” with their three dogs. The former glamour model, 43, and fiancé Carl, 32, shared a clip ... Read more »

Strictly fans hit out at Tess Daly for ‘condescending' comment to Rhys Stephenson as he breaks down in tears

STRICTLY Come Dancing host Tess Daly faced a backlash last night after a “condescending” comment towards Rhys Stephenson. Tess, 52, consoled the CBeebies presenter, 26, when he broke down in ... Read more »

BBC EastEnders' Maisie Smith posts snap in 'stunning' leather outfit and fans are obsessed

EastEnders star Maisie Smith has sent fans into a frenzy with her latest post on social media. The soap and Strictly star has a dedicated following and regularly shares snaps ... Read more »

Cricket-India set New Zealand 284 to win Kanpur test

(Corrects day to Sunday, not Friday) NEW DELHI (Reuters) – India declared their second innings on 234-7, setting New Zealand a victory target of 284 in the opening test in ... Read more »

We were broken when we lost our babies – but dads are too often forgotten

TWO blokes who both tragically lost babies found a way to let dads express their grief – through pink socks. Lewis Keywood met James Fryer at the gym and they ... Read more »

Books written by couple after son's sudden death set for one million sales

A series of books written by a couple following the sudden death of their son has grown into a worldwide phenomenon. © Provided by PA Media Adam Bennett’s sudden death ... Read more »

Omicron variant may lead to further travel restrictions, Nicola Sturgeon warns

More restrictions on travel may be needed to combat the threat posed by the new Omicron variant of coronavirus, Nicola Sturgeon has warned. The First Minister spoke out as new ... Read more »

Gunmen attack Libyan court, blocking Kadhafi son's appeal to run for president

Libya's unity government has condemned an attack on a court which prevented Saif al-Islam Kadhafi from lodging an appeal against disqualification from December's presidential election. The polls slated for 24 ... Read more »

UAE National Day: Emirates Post to issue 4 unique NFT stamps

Emirates Post Group (EPG) on Sunday announced that it would issue non-fungible token (NFT) stamps in commemoration of the UAE National Day 2021, becoming the first in the region to ... Read more »

Scotland reveals St Andrew's Day celebration plans for Expo 2020 Dubai

© Provided by The National Scotland will celebrate its national day, St Andrew’s Day, on November 30 at Expo 2020 Dubai. Reuters Scotland will celebrate its national day, St Andrew’s ... Read more »

4,239 kes Covid-19, 3 kluster baharu

© Provided by Free Malaysia Today Jumlah keseluruhan kes jangkitan Covid-19 di negara kini mencecah angka 2,623,816 kes setakat ini. (Gambar Bernama) PETALING JAYA: Kementerian Kesihatan melaporkan 4,239 kes baharu ... Read more »

Wakil NGO dakwa ahli MIC ‘buka seluar', lempar kata kesat, polis siasat

© Provided by Free Malaysia Today Ketua Polis Daerah Sungai Siput, Mohd Khaizam Ahmad Shahabudin, berkata wanita terbabit mendakwa seorang ahli MIC mengeluarkan kata-kata tidak sopan dan membuka seluarnya dalam ... Read more »

HP Guv stresses for documentation of medicinal plants

© Provided by The Statesman HP Guv stresses for documentation of medicinal plants Himachal Pradesh Governor Rajendra Vishwanath Arlekar on Sunday stressed documentation of the medicinal plants found in the ... Read more »

Important Update! Bommai Govt Issues Fresh Guidelines For Those Travelling To Karnataka From These States

© Surabhi Shaurya | India.com News Desk The B.1.1.529 variant was first reported to WHO from South Africa on November 24, 2021. Bengaluru: The Basavaraj Bommai-led Karnataka government on Sunday ... Read more »

Two Bangladesh nationals held from passenger bus in Assam's Karimganj

Two Bangladesh nationals were apprehended by the police from a Guwahati-bound passenger bus in Assam’s Karimganj district along the Assam-Tripura border on Saturday night. According to Karimganj district police, the ... Read more »

Omicron: Govt to Review SoP on Testing of Incoming Passengers from ‘At Risk' Countries

© Provided by News18 Omicron: Govt to Review SoP on Testing of Incoming Passengers from ‘At Risk’ Countries A day after PM Modi reviewed the situation related to Covid-19 and ... Read more »

IND vs NZ, Highlights, 1st Test Match, Day 4: At Stumps, New Zealand 4/1 in Chase of 284

© Provided by News18 IND vs NZ, Highlights, 1st Test Match, Day 4: At Stumps, New Zealand 4/1 in Chase of 284 India vs New Zealand Live Score: A wicket ... Read more »

From Spotify to Gaana, PM Modi's Mann Ki Baat Now on major audio and music platforms

© Provided by Firstpost From Spotify to Gaana, PM Modi’s Mann Ki Baat Now on major audio and music platforms Not just on radio, Prime Minister Narendra Modi’s monthly ‘Mann ... Read more »

JEE Main 2022: NTA likely to begin registration process SOON at jeemain.nta.nic.in - Check eligibility, other details

© Provided by DNA National Testing Agency (NTA) to conduct JEE Main 2022 exam in a few months. The registration process for JEE Main 2022 is expected to begin soon ... Read more »

India-Brazil result won't affect girls, played well against one of world's best teams: Coach Thomas Dennerby

© Provided by The Indian Express Indian Women’s Team will take the positives from their previous match against Brazil, and head into the game against Chile with a lot of ... Read more »

Women's World Cup Qualifiers: 6 Sri Lankan players test positive for Covid-19 in Zimbabwe

Six players in the Sri Lankan women’s cricket team have tested positive for Covid-19 in Zimbabwe where they were participating in the World Cup qualifiers which was cancelled on Saturday ... Read more »

IND vs NZ: India declare after scoring 234, New Zealand need 284 runs to win 1st Test

© Provided by DNA India made sure to convert their 49 runs lead to a bigger total as skipper Ajinkya Rahane called back Wriddhiman Saha and Axar Patel after the batters ... Read more »

Global bubble BURSTS: Evergrande set for collapse causing 'great reset' worse than 2008

China Evergrande faces £221billion of debt, and one expert has claimed the company’s collapse could spark the fall of the financial system. Speaking to Express.co.uk, Dr Marco Metzler from Deutsche ... Read more »

Eatery with 'rudest staff in Aus' opening in Brisbane. It's name - Karen's Diner

© Provided by CapeTalk – A restaurant with “the rudest staff in Australia” is set to open in Brisbane – The idea is also that the customers can vent their ... Read more »

French minister heads to Caribbean territories to defuse tensions

© Reuters/RICARDO ARDUENGO Unrest triggered by COVID-19 curbs spreads to Martinique By John Irish PARIS (Reuters) – France’s minister for overseas territories will hold crisis talks on its Caribbean islands ... Read more »

Australian government vows to unmask online trolls

Australia’s government said Sunday it will introduce legislation to unmask online trolls, and hold social media giants like Facebook and Twitter responsible for identifying them. © NICOLAS ASFOURI Australia’s government ... Read more »

Aufgezeichnete Audiobotschaft: Taliban-Chef wendet sich erstmals an Bürger

Knapp drei Monate nach seiner Ernennung hat sich der amtierende Regierungschef der Taliban, Mullah Mohammed Hassan Achund, erstmals an die Bürger Afghanistans gewandt. Seine aufgezeichnete Audiobotschaft wurde am Samstagabend im ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic