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Fuel Price Hike: Petrol Crosses Rs 90-mark In Delhi after 11th Consecutive Rise In Rates

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New Delhi: Continuing with a hike, the fuel prices on Friday were increased for the 11th consecutive day as state-run oil marketing companies (OMCs) raised prices of petrol and diesel by 27-35 paise per litre across major cities of the country today.

After today’s hike, the petrol and diesel prices in the national capital touched a new high. Petrol in Delhi is retailing at Rs 90.19 per litre after the price was increased by 31 paise, while people have to shell out Rs 80.60 for a litre of diesel in Delhi after the price was increased by 33 paise.

In Delhi-NCR region, petrol and diesel prices were increased by Rs 3.26 per litre and Rs 3.81 a litre, respectively, in the last 11 days.

Notably, the petrol and diesel rates soared as a result of a sharp jump in crude oil rates globally. The high taxes (excise duty and VAT or value-added tax) on fuels domestically also increased the impact of rising crude prices.

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