Diesel price for bulk users hiked by ₹25 per litre; retail rates at petrol pumps remain unchanged

March 20: Amid the ongoing Russia-Ukraine war, Diesel price in India has been increased by about Rs 25 per litre for bulk customers, as the international oil prices jumps nearly 40%, but retail rates at petrol pumps remain unchanged.

Price of diesel sold to bulk users has been hiked to Rs 122.05 per litre in Mumbai. This compares to Rs 94.14 a litre price of the same fuel sold at petrol pumps. In Delhi, diesel costs Rs 86.67 a litre at the petrol pump, but for bulk or industrial users it is priced at about Rs 115.

Oil marketing companies had last revised petrol and diesel prices on November 4, 2022. Since then, there hasn’t been an increase in fuel rates, despite the fact that there has been a tremendous surge in global oil prices. Retailers are now finding shutting down pumps more viable than selling petrol and diesel at rates that have been on freeze for a record 136 days.