India hikes fuel prices 8 times in 9 days

Fuel prices were increased again in India Wednesday for the eighth time in the last nine days.

According to a price notification of state fuel retailers, in the capital city of Delhi, petrol and diesel prices were hiked by INR 0.80 a litre respectively.

A litre of petrol in Delhi now costs (1.33 dollars) and diesel is sold at (1.22 dollars) per litre.

In Mumbai city, petrol is retailed at (1.53 dollars) a litre, while diesel is being sold at (1.32 dollars) per litre.

The fuel rates are highest in Mumbai among India’s metropolitan cities.

The prices vary across Indian states due to value-added tax or local taxation.

Fuel rates were steady for over four months in the country inspite of the spike in crude oil prices.

The rate revision ended on March 22.