Posted by AI on 2025-05-16 09:59:51 | Last Updated by AI on 2025-12-21 09:33:52
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Gas prices across the country have just hiked again with daily changes in response to the global situation. This time, the popular petrol and diesel prices have risen by 25 paise and 22 paise per litre, respectively, in sync with matching hikes in fuel prices across the country. These prices are effective from 6 AM on May 16th, 2023, as announced by state-owned fuel retailers.
This rise has been attributed to the ever-increasing international oil prices coupled with a falling rupee. This has led to the price of brent crude crossing the $100 per barrel mark, resulting in successive record-high fuel prices in India. This has led to the common man struggling to cope with the increasing prices of daily necessities just last week, the petrol price went over the Rs 110 per litre mark in many cities across the country.
With global events impacting the economy and with it, the everyday lives of people, it remains to be seen what effect this hike will have on the common man and the government's reaction to the matter.
Until then, residents of Delhi can expect to pay Rs 75.56 for a litre of petrol and Rs 69.11 for a litre of diesel, while residents of Mumbai can expect to pay Rs 79.31 for a litre of petrol and Rs 71.10 for a litre of diesel.