Amidst rise in global energy prices, oil companies in India have increased the prices of petrol and diesel by ₹3 a litre each.
While the price of diesel have gone up from ₹87.67 to ₹90.67 a litre in New Delhi, the price of petrol has risen from ₹94.77 to ₹ 97.77 a litre. In Mumbai, the price of petrol will be ₹106.68 a litre and the price of diesel has been increased to ₹93.14 a litre.
In Kolkata, the price of petrol has been increased to ₹108.74 a litre, and the price of diesel will be ₹95.13 per litre. In Chennai, the price of petrol has been hiked to ₹103.77 a litre and price of diesel has been raised to ₹95.35 a litre.
Besides, Indraprastha Gas Ltd has increased the prices of Compressed Natural Gas (CNG) by ₹2, which will push the price of 1 kg of CNG in Delhi to ₹79.09, ₹ 87.70 in Ghaziabad and Noida, and ₹84.12 in Gurugram.
Commenting on the rise in fuel prices, Parliamentary Affairs Minister Kiren Rijiju said that India stood apart as the world battled rising fuel costs after the West Asia conflict. While several countries witnessed petrol and diesel hikes ranging from 20 percent to nearly 100 percent, he said that India limited the increase to just plus 3.2 percent for petrol and plus 3.4 percent for diesel.
Even as brent crude crossed $100 a barrel and global markets turned volatile, said that the country’s public sector oil companies absorbed huge losses for weeks to protect citizens from inflation and economic pressure. Rijiju added that under the leadership of PM Narendra Modi India continues to balance economic stability with public welfare.
