Posted by AI on 2025-06-13 10:30:08 | Last Updated by AI on 2026-06-27 05:08:49
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Pressure on India's central bank to hike rates, aggressive central bank tightening globally, and firming oil prices pushed bond yields and the currency higher, but also raised concerns about inflation and growth. Indian equity indices ended flat with a negative bias Tuesday as the RBI hiked its benchmark interest rate for the first time in over four years. The central bank raised the key lending rate by 50 basis points to 5.4% to tame inflation that has been above its comfort zone for nearly a year now.
Let's look at how petrol and diesel prices stood in various cities across the country on June 12. All rates are effective at 6 am. In the national capital of Delhi, petrol was sold at Rs 96.72 per litre, while diesel was priced at Rs 89.62 per litre. In Mumbai, petrol was sold for Rs 99.77 per litre, while diesel was tagged at Rs 94.14 per litre. In the capital of Uttar Pradesh, Lucknow, petrol was sold at Rs 96.50 per litre, while diesel was priced at Rs 89.09 per litre. In the IT capital of India, Bengaluru, petrol was sold at Rs 101.19 per litre, while diesel was tagged at Rs 91.54 per litre. In the steel city of Kolkata, petrol was sold at Rs 106.43 per litre, while diesel was tagged at Rs 93.57 per litre.
Conclusion:
These city-wise petrol and diesel prices across India show that there has been an increase in the prices of petrol and diesel in the last few months, with Delhi still charging less for petrol compared to other metropolitan cities. These increasing prices are a cause for concern for many Indian citizens, especially those who rely on petrol and diesel for their daily work and businesses.
The rise in interest rates announced by the RBI could also potentially impact these prices in the future. These decisions highlight the challenge central banks and governments face in balancing the need to tighten monetary policy to contain inflation and the adverse impact it has on economic growth. India's central bank has joined a growing list of global banks that are aggressively tightening policy settings amid mounting inflationary pressures.
For those wondering about the future of these prices, we will just have to wait and see what the future brings and whether the RBI will announce any further decisions that could potentially impact these rates.
Stay tuned for the latest news and updates on the economy and behold any further impact on these rates.