According to PTI, the price of petrol and diesel rose by 90 paise per litre on Tuesday, marking the second hike in less than a week.
In the nation's capital, the price of petrol was increased from Rs 97.77 to Rs 98.64 a litre. According to PTI's industry sources, the price of diesel has increased from Rs 90.67 to Rs 91.58 a litre.
For the first time in four years, the government increased the price of petrol and diesel by Rs 3 per litre last Friday in an effort to offset some of the losses brought on by rising crude oil prices worldwide.
In Delhi, the price of petrol has increased by 87 paise to Rs 98.64 per litre, while the price of diesel has increased by 91 paise to Rs 91.58 per litre.Diesel increased by 94 paise to Rs 94.08 per litre and petrol by 91 paise to Rs 107.59 per litre in Mumbai.Petrol prices increased by 96 paise to Rs 109.70 per litre in Kolkata, while diesel prices increased by 94 paise to Rs 96.07 per litre.
Petrol and diesel prices in Chennai increased by 82 and 86 paise, respectively, to Rs 104.49 and Rs 96.11 a litre.
The third-largest oil importer and consumer in the world is among the last major economies to hike retail fuel prices following impediments to shipping through the Strait of Hormuz waterway caused by the conflict, which began with assaults on Iran by the United States and Israel.
After rising to over $120 per barrel, the price of oil has now somewhat decreased.Prices are often determined in tandem by state-run Indian Oil Corp., Hindustan Petroleum Corp., and Bharat Petroleum Corp., which collectively control over 90% of a network of 103,000 petrol stations.