Fuel rates at all-time high, Petrol, Diesel rates jack up

As fuel rates keep on increasing, the government says it is looking at various ways to curb it. Oil Minister Dharmendra Pradhan told reporters in Bhubaneshwar, “The Centre is sensitive towards the rising fuel prices. Various alternatives are being explored. I hope something will work out soon,”.

As India is the third biggest importer of the crude oil, India is especially at risk from stronger global prices buying about 80% of its oil needs.

Petrol and Diesel prices were increased in the range of 33-34paise per litre and 25-27 paise per litre across Delhi, Mumbai, Kolkata and Chennai. They were at their highest in Mumbai and Delhi. According to Indian Oil Corporation, Petrol was sold at ₹76.87 per litre in Delhi, ₹79.53 in Kolkata, and ₹84.70 in Mumbai while diesel retailed at ₹68.08 in Delhi, ₹70.63 in Chennai and ₹71.87 per litre in Mumbai.