New Delhi, May 22: Motorists across India continue to face the brunt of surging fuel rates as petrol and diesel prices were hiked by oil corporations on the ninth consecutive day. The latest increment in prices came despite the crude oil prices dipping below $80 per barrel over the past week.
Petrol remains the costliest in Mumbai where one litre of the fuel will be charged at Rs 84.70 on Tuesday — 30 paise more than yesterday. Petrol price in Delhi has been hiked from Rs 76.57 to Rs 76.87. In Chennai, the rate has been surged from Rs 79.47 to Rs 79.87.
Diesel in the NCR will be sold at Rs 68.08. In Mumbai, the price for today has been fixed as Rs 72.48. The fuel will remain the costliest in Hyderabad, where the rate per litre has been increased to Rs 74.00.
Check City-Wise Petrol Rates for May 22:
Check City-Wise Diesel Rates for May 22:
Brent Crude Oil Dips Below $80 Per Barrel
The international crude oil rate jumped to as high as $84.4 per barrel on May 14, triggering fuel price hike in all importing nations. The trigger to the surge in crude oil rate was the abrogation of Iran Nuclear Deal by the United States, putting Tehran again under sanctions.
However, the crude oil rate dipped significantly over the past seven days, coming below the $80-mark. On May 22, the price was reported to be $79.34, up 12 cents from Monday.
Source by latestly..Share: