Petrol, diesel price hiked 80 paise a litre; LPG up ₹50

Petrol in Delhi will now cost ₹96.21 per litre as against ₹95.41 previously while diesel rates have gone up from ₹86.67 per litre to ₹87.47.

Petrol and diesel prices were on Tuesday hiked by 80 paise a litre while domestic cooking gas prices were increased by ₹50 per cylinder, ending an over four-and-half month election-related hiatus in rate revision, sources said.

Petrol in Delhi will now cost ₹96.21 per litre as against ₹95.41 previously while diesel rates have gone up from ₹ 86.67 per litre to ₹87.47.

Simultaneously, the price of a non-subsidised LPG cylinder has been increased to ₹949.50 for each 14.2-kg bottle in the national capital.

While LPG rates were last revised on October 6, 2021, petrol and diesel prices had been on a freeze since November 4 as five States including Uttar Pradesh and Punjab went to polls.

LPG prices had gone up by close to ₹100 per cylinder between July and October 6, 2021, before criticism halted the revision in rates.

Both LPG and auto fuel prices had been on a freeze since then despite the cost of raw material spiralling, first because of demand returning with economies globally rebounding from the pandemic induced slowdown and then due to the Russia-Ukraine conflict.

Non-subsidised cooking gas is the one that consumers buy after exhausting their quota of 12 cylinders at subsidised or below-market rates.