Petrol, diesel prices hiked again by up to 94 paise per litre; third increase in 10 days

New Delhi [India], May 23 : Petrol and diesel prices were increased again across major metropolitan cities on Saturday, marking the third fuel price hike in less than 10 days amid continuing volatility in global energy markets.
In Delhi, petrol prices rose by 87 paise to Rs 99.51 per litre, while diesel prices increased by 91 paise to Rs 92.49 per litre.
In Kolkata, petrol prices were hiked by 94 paise to Rs 110.64 per litre, while diesel prices rose by 95 paise to Rs 97.02 per litre.
Mumbai witnessed an increase of 90 paise in petrol prices, taking the rate to Rs 108.49 per litre, while diesel prices rose by 94 paise to Rs 95.02 per litre.
In Chennai, petrol prices increased by 82 paise to Rs 105.31 per litre, while diesel prices climbed by 87 paise to Rs 96.98 per litre.
The latest revision comes just days after fuel prices were increased earlier this week. On Tuesday, petrol prices in Delhi rose by 87 paise from Rs 97.77 to Rs 98.64 per litre, while diesel prices increased by 91 paise from Rs 90.67 to Rs 91.58 per litre.
During the earlier revision, Mumbai saw petrol prices rise by 91 paise, bringing it to Rs 107.59 per litre, while diesel prices increased by 94 paise, which stood at Rs 94.08 per litre. In Chennai, petrol prices were raised by 82 paise to Rs 104.49 per litre, while diesel prices climbed by 86 paise to Rs 96.11 per litre.
Kolkata had also registered a sharp increase earlier this week, with petrol prices going up by 96 paise to Rs 109.70 per litre and diesel prices increasing by 94 paise to Rs 96.07 per litre.
Fuel prices in Jaipur also witnessed an upward revision during the previous hike. Petrol prices in the city increased by 94 paise per litre, while diesel prices rose by 92 paise per litre. Following the increase, petrol prices in Jaipur stood at Rs 108.91 per litre, while diesel was priced at Rs 94.15 per litre.
Earlier, the central government increased the prices of petrol and diesel by Rs 3 per litre each on May 15 across the country.
The repeated hikes come amid a call for fuel conservation as the world faces an energy crisis amid the West Asia conflict, which led to a blockade in the significant maritime trade route, the Strait of Hormuz.
The Brent oil prices have been at a record high in the wake of the US-Israel and Iran war, which began on February 28 this year. The Brent oil price has been hovering over USD 100 per barrel as the US and Iran are attempting to mediate for a long-term ceasefire in the region.
The widening of the ambit of the war engulfed the West Asian countries, which are major suppliers of fuel. However, India has maintained that there is no shortage of fuel and has adequate energy supplies.