All eyes on petrol diesel price hike, how large will it be

Petrol, Diesel price hike: Brace for it as the polling draws to a close the price hikes that have been waiting backstage will take centrestage. Here is why the petrol, diesel price hikes are set to be big and brutal-:

Also read & watch: Russia war latest news: US markets collapse, commodities surge on shortage concerns

• Crude basket for India is @ $110/bbl vs $80.5/bbl in November when govt announced excise duty cut
• Prices have been on a freeze since Nov 4, record number of days without fuel price change
• Experts anticipate a minimum of Rs 15/litre cumulative hike just in March
• Petrol price in Mumbai stands at Rs 109.98 per litre, the highest among the metropolitan
• Surat, Kanpur, Dehradun, Chandigarh - Cheapest fuel among major cities Sub Rs 96/lt
• To draw a comparison as fuel prices have not moved, Jet Fuel prices are up 5 times this year already
• Jet fuel prices in 2022 at record high, up 26.3% in 2 months