Fuel prices continue to rise, with petrol and diesel rates rising by another 80 paise per litre each in Delhi on Thursday, netting about Rs 6.40 a litre in the ninth revision in ten days.
Petrol now costs Rs 101.81 per litre in the national capital, while diesel sells at Rs 93.07 per litre. In Mumbai, the petrol and diesel prices have gone up by 84 paise per litre each, thus costing Rs 116.72 and Rs 100.94 per litre
In Chennai, the petrol price is Rs 107.45 (increased by 76 paise) a litre and diesel is Rs 97.52 (increased by 76 paise) per litre.
In Kolkata, the petrol price is Rs 111.35 (increased by 83 paise), and diesel is Rs 96.22 per litre (increased by 80 paise).
There had been a pause in the revision of fuel prices since November 4 last year, which was broken on March 22, following the crude oil going upwards in the wake of the Russian military operations in Ukraine.
Prices are set to be raised further, given the sharp jump in crude oil prices in the international markets. It will have a cascading impact on the prices of other items and lead to inflationary pressure and hurt growth. It will have a cascading effect on the prices of other items.