Inflation in the country has remained high due to the country's high fuel prices.
Digital Desk: Petrol and diesel prices remained unchanged on Sunday for the 18th day in a row.
Inflation in the country has remained high due to the country's high fuel prices. Retail inflation in March was 6.95 percent, owing primarily to higher-priced food items. Food prices have risen due to higher transportation costs and higher gasoline and diesel prices.
During rising fuel prices, Union Oil Minister Hardeep Singh Puri recently urged states that have not reduced their value-added tax rates on gasoline and diesel immediately. High fuel prices have directly impacted inflation rates in the last two months after petrol and diesel prices were relentlessly increased before coming to a halt. However, the increase in gasoline prices has driven up the cost of almost every commodity, putting the consumer in a bind.
Brent crude oil is currently trading at USD 106.65 per barrel.
The Reserve Bank of India (RBI) stated in its monetary policy review earlier this month that if crude prices rise 10% above the baseline of USD 100 per barrel, domestic inflation could rise even further. "Assuming crude oil prices are 10% above the baseline of USD 100 per barrel, domestic inflation and growth could be 30 basis points higher and 20 basis points lower, respectively than the baseline."
Check here the fuel Prices on Sunday, April 24, in Delhi, Mumbai, and Other Major Cities in India:
Delhi
Petrol - Rs 105.41 per litre
Diesel - Rs 96.67 per litre
Mumbai
Petrol - Rs 120.51 per litre
Diesel - Rs 104.77 per litre
Guwahati
Petrol - Rs 105.66 per litre
Diesel - Rs 91.40 per litre
Kolkata
Petrol - Rs 115.12 per litre
Diesel - Rs 99.83 per litre
Chennai
Petrol - Rs 110.85 per litre
Diesel - Rs 100.94 per litre
Bhopal
Petrol - Rs 118.14 per litre
Diesel - Rs 101.16 per litre
Hyderabad
Petrol - Rs 119.49 per litre
Diesel - Rs 105.49 per litre
Bengaluru
Petrol - Rs 111.09 per litre
Diesel - Rs 94.79 per litre
Lucknow
Petrol - Rs 105.25 per litre
Diesel - Rs 96.83 per litre
Gandhinagar
Petrol - Rs 105.29 per litre
Diesel - Rs 99.64 per litre
Thiruvananthapuram
Petrol - Rs 117.19 per litre
Diesel - Rs 103.95 per litre
With effect from June 15, 2017, petrol prices in India were revised daily. This was a significant departure from the past plan of revising petrol prices every two weeks.
Also Read: India's fuel sales hit a three-year high in March; petrol sales at all record peak
