Fuel rate hikes for 6th time in 7 days, check latest rates
There had been a pause in the revision of fuel prices since November 4 last year which was broken on March 22 after crude oil prices rose in the wake of Russian military operations in Ukraine. This is the sixth increase in prices since the ending of the four-and-half-month long hiatus in rate revision.
State-run fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum dominate fuel retailing in the country and tend to move prices together. Experts expect prices to continue increasing given the jump in crude oil prices in international markets. Rates differ from state to state depending on the incidence of local taxes.
In all, petrol prices have gone up by Rs 4 per litre and diesel by Rs 4.10. India is 85 per cent dependent on imports to meet its oil needs.
Also Read| Oscar 2022: India's documentary feature ‘Writing With Fire’ fails to bag Oscar as a result of this controversy
-PTC News