Petrol prices in the country have risen Rs 38.5 per litre, or 54%, in seventeen months, an unprecedented pace, as oil prices sharply recovered from the pandemic lows. Diesel prices are up Rs 29 per litre, or 42%.
After Monday’s 35 paise per litre hike, petrol and diesel cost Rs 109.69 and Rs 98.42 per litre, respectively, in Delhi. Rates are higher in states with more local taxes. In Mumbai, petrol costs Rs 115.50 and diesel Rs 106.62. In Ganganagar, Rajasthan, which has one of the costliest fuels in the country, petrol costs Rs 121.78 and diesel Rs 112.71 per litre.