Fuel price hike: Rates rise again; Petrol now Rs 82.16/ litre in national capital

Fuel prices continued to climb across the country as petrol on Tuesday rose by 10 paise per litre in New Delhi and Mumbai.

Fuel prices continued to climb across the country as petrol on Tuesday rose by 10 paise per litre in New Delhi and Mumbai. (Image: PTI)

New Delhi: Fuel prices continued to climb across the country as petrol on Tuesday rose by 10 paise per litre in New Delhi and Mumbai. In Delhi, petrol is being sold at Rs 82.16 per litre and Rs 89.54 per litre in Mumbai. According to reports, even Diesel prices registered a surge by gaining a hike of 9 paise to register Rs 73.87 per litre in New Delhi and Rs 78.42 in Mumbai. Fuel prices are lower in the national capitial, followed by Kolkata where prices of petrol has touched Rs 83.91 per litre and diesel is being sold at Rs 75.53 per litre. Even in Chennai, fuel prices have claimed over the past on week with petrol price soaring at Rs 85.31 per litre and a litre diesel is being sold at Rs 78. Despite series of measures announced by the Central government to curb relentless hike in oil rates across the country, the prices are still soaring and how. Finance Minister Arun Jailtley on Monday said that it was due to the global phenomena occurring owing to the squeeze on oil production and the US-China trade war. “These are impacts of a very significant ongoing global phenomena. You have at least three, if not more, indications of the nature of things which are happening globally,” PTI quoted Jaitley as saying. “One is the squeeze which has been put on oil production, upsetting the demand-supply ratio which is increasing the crude oil prices. The second is the trade war and we don’t know when we are going to see the end of it. It, of course, impacts a major currency in our region – China (sic),” Jaitley added further. According to news reports, petrol price has witnessed massive hike as retail prices in Delhi has climbed up by 15.4 per cent since the start of this year. On January 1, petrol in Delhi was sold at 69.97. Likewise, diesel prices too have seen a jump by 22 per cent since January 1 when it was sold at Rs 59.70 per litre.