Petrol, diesel prices hiked after 137 days; LPG to cost Rs 50 more

NEW DELHI: After a freeze of 137 days, petrol and diesel prices on Tuesday were hiked by 80 paise a litre each while domestic cooking gas prices were increased by Rs 50 per cylinder.
This will be the first hike after the price remained unchanged since November 4, 2021.
The hike is a fallout of a spike in global oil prices, especially after Russia’s invasion of Ukraine. High global crude oil prices is a major concern for India as the country imports 85% of its oil demand.