After a two-day hike, petrol and diesel prices witnessed a freeze again as the rates remained unchanged on Thursday, March 24.
According to a notification of state-owned oil companies, the prices of petrol and diesel saw a spike by nearly 80 paise a litre each on March 22 and March 23. With this, the retail fuel rates increased by close to INR 1.80 a litre each in just two days.
Check out the latest price of petrol and diesel (approx. per litre) in Maharashtra:
City | Petrol | Diesel |
INR 111.67 | INR 95.98 | |
INR 111.34 | INR 95.94 | |
INR 111.34 | INR 95.94 | |
Parbhani | INR 114.81 | INR 97.34 |
INR 113.18 | INR 95.30 | |
INR 111.37 | INR 94.89 | |
INR 113.19 | INR 94.19 |
Other Metro Cities:
Delhi | 97.01 | 88.27 |
Kolkata | 106.34 | 91.42 |
Chennai | 102.91 | 92.95 |
Bhopal | 108.98 | 92.52 |
If reports are to be believed the hike is a fallout of a spike in global oil prices, especially after Russia's invasion of Ukraine. Moreover, it is pertinent to note that this spike came soon after the assembly elections of five states - Uttar Pradesh, Punjab, Manipur, Uttarakhand and Goa.
This will put a burden on private car/bike owners and transporters. As per accounts, the city now has 11.9 lakh cars, 25 lakh bikes and 5 lakh heavy goods transport and other vehicles which will be impacted by the hikes.
The prices of petrol and diesel vary from state to state and also in cities, depending on the incidence of local taxes like value-added tax (VAT) and freight charges.
Additionally, the government raised the bulk diesel prices by INR 25 a litre and aviation fuel is up 50 per cent since January.
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