Fuel prices hiked again: Petrol crosses Rs 97 in Delhi, diesel nears Rs 88

With a fresh hike in fuel prices by the Oil marketing companies (OMC) on Sunday, petrol price in the national capital surpassed Rs 97 per litre mark.

Petrol is selling for Rs 97.22 per litre in Delhi on Sunday, up from Rs 96.93 on Saturday.

Cost of diesel in the national capital was at Rs 87.97 per litre, up from Rs 87.69 on Saturday – with a hike of 28 paise per litre.

On Saturday, fuel prices remained unchanged across the four metro cities. In the other key metros of Mumbai, Chennai and Kolkata, petrol prices on Sunday were at Rs 103.36, Rs 98.40 and Rs 97.12 per litre, respectively, higher than Saturday’s levels.

Lately, petrol prices reached close to hitting the century mark all acorss India, further widening the scoping of climbing a historic high that had already broken Rs 100 per litre mark in various cities across the country in Maharashtra, Madhya Pradesh, Rajasthan, Telangana and Andhra Pradesh.

Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15 days, and foreign exchange rates.

International oil prices have seen a surge in recent weeks in anticipation of demand recovery following the rollout of vaccination programme by various countries.

(With inputs from agencies)