Petrol, Diesel Prices Keep Getting Hiked, Showing No Sign of Stopping

Petrol, Diesel Prices are increased by ₹ 10 per litre in 16 days, after an 80 paise hike both in petrol and diesel per litre today.

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In Delhi, Petrol now costs ₹ 105.41 per litre as against 104.61 yesterday, and diesel prices stand at ₹ 96.677 per litre as against 95.87 yesterday.

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Fuel rates vary from state to state depending upon the incidence of local taxation and the rates have been increased nationwide.

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The Centre may, however, choose to reduce the impact of higher crude oil prices on consumers by cutting excise duty on both petrol and diesel.

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To cope with the concerning price increase, the Centre may cut excise duty on both petrol and diesel to reduce the cost of fuel.

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The Russia-Ukraine conflict and attacks on oil and gas infrastructure in Saudi Arabia have further contributed to the rising price of fuel.

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