Petrol and diesel prices were hiked for the fourth time within the last 11 days amid the ongoing Iran war. With the latest hike of over Rs 2, petrol prices have crossed Rs 100 per litre in Delhi. On Monday, petrol prices were increased by Rs 2.61. Meanwhile, diesel prices were hiked by Rs 2.71. With this revision, petrol will now cost Rs 102.12 per litre in Delhi. Similarly, diesel will now cost Rs 95.20 per litre in the national capital. The latest hike will add pressure on households already dealing with inflation. The increase in the price of diesel will increase the cost of logistics, thereby, impacting the cost of daily essential items. Milk and bread are already selling at a higher price due to previous hikes in fuel prices. Ironically, the latest increase in fuel prices comes on the day when Brent Crude fell over 5 per cent to slip below the mark of $100 per barrel for the first time this month.
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