Petrol price shot up by Re 1 this week. 5 things to know about petrol, diesel price hike


Petrol price shot up by Re 1 this week. 5 things to know about petrol, diesel price hike

In the biggest single-day increase during the last two months, the price of petrol rose up by 35 paise and that of diesel by 28 paise. If the last five days of this week are taken together, petrol price has jumped by Re 1.03 while that of diesel by 86 paise.

A litre of petrol costs ₹73.06 a litre in Delhi, ₹78.73 a litre in Mumbai, ₹75.56 in Bengaluru and ₹75.93 in Chennai. Diesel, on the other hand, is priced at ₹66.29 per litre in Delhi, ₹69.54 in Mumbai, ₹68.55 in Bengaluru and ₹70.07 in Chennai.

5 things to know about petrol, diesel prices:

1) The price of petrol and diesel in India is directly related to its international benchmark rates, which in turn gets affected due to any change in crude oil rates. While fixing the price of petrol and diesel, state-run fuel retailers take into account a 15-day average of international benchmark rates. Read more

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