New Delhi March 27 2022: Fuel prices were hiked again on Sunday, March 27, 2022 across metro cities for the fifth time in the last six days. Petrol rates were hiked by 50 paise a litre and diesel by 55 paise a litre.
After today’s hike, petrol in the national capital is now priced at ₹ 99.11 per litre, almost nearing the ₹ 100 mark. Diesel is now at Rs 90.42 per litre.
In less than a week since the price hikes were effected from March 22, petrol prices have gone up by ₹ 3.70 per litre and diesel by Rs 3.75.
In Mumbai, petrol is now priced at ₹ 113.88 per litre, while diesel is being sold at ₹ 98.13 per litre. Among the four metros, fuel rates are the highest in Mumbai.
Prior to the daily hikes which began six days back, fuel prices had been on a freeze since November 4, 2021 for a record 137 days. During this period, assembly elections were held in politically crucial states of Uttar Pradesh, Punjab, Uttarakhand, Goa and also Manipur.
Also during this period, crude oil prices rose by $30 per barrel, yet the prices remained unchanged in the country.
Fuel prices were hiked on March 22, more than 10 days after results of assembly elections were announced on March 10.