Fuel Rates Today: Check Petrol & Diesel Price of Your City On 7th April 2022

After the 14th price hike in 15 days, wherein petrol and diesel prices increased by Rs 10 per litre each, petrol and diesel prices remained steady on Thursday in various cities. The petrol price in New Delhi has remained steady at Rs 105.41 and the diesel price has remained constant at Rs 96.67. Petrol will cost Rs 115.12 a litre in Kolkata today, while diesel will cost Rs 99.83. The price of petrol per litre in Mumbai will stay constant at Rs 120.51, and the price of diesel will remain constant at Rs 104.77.

In Chennai, the price of petrol will be Rs 110.85, down from Rs 110.95 yesterday, while the price of diesel will be Rs 100.94, down from Rs 101.04 yesterday. Petrol will cost Rs 111.09 per litre in Bangalore today, down from Rs 111.16 yesterday, while diesel will cost Rs 94.79 per litre, down from Rs 94.86 yesterday.

Indraprastha Gas Limited (IGL) increased the price of compressed natural gas (CNG) in Delhi by Rs 2.50 per kg. According to information available on the website of IGL, CNG prices in Delhi have been revised and are now Rs 69.11 per kg, up from Rs 66.61 per kg yesterday.

Meanwhile, global oil prices have plummeted from a high of over $139 per barrel in early March to a low of under $101 per barrel on Thursday. WTI Crude oil was last seen at $97.82 per barrel, while Brent Crude oil was last seen standing at $102.7 per barrel. The rise in commodity prices has a clear influence on the economy, particularly on the fiscal deficit, as India imports 85 percent of its oil. Fuel price levels in India were already on the upsurge above Rs 100 mark in early 2021, with petrol now reaching Rs 120 a litre in some cities like Mumbai. Despite the fact that global oil prices have remained over $100, domestic fuel rates are likely to stay high, pushing up WPI (wholesale price index) and CPI (consumer price index) which will result in causing inflation tension for consumers.