On Tuesday, March 22, 2022, fuel rates in major metro cities including New Delhi, Kolkata, Mumbai, Chennai, Bangalore, and Hyderabad were hiked. In Delhi, a litre of petrol costs Rs 96.21, while a litre of diesel costs Rs 87.47. Petrol is sold for Rs 110.82 per litre in Mumbai, while diesel is offered for Rs 95.00 per litre. Today's petrol price per litre in Kolkata is Rs 105.51, while the diesel price per litre is Rs 90.62. The current petrol price in Chennai is Rs 102.16, while the diesel price is Rs 92.19. In Bangalore, a litre of petrol costs Rs 101.42 and a litre of diesel costs Rs 85.80.

In Hyderabad, a litre of petrol will cost Rs 109.10 and a litre of diesel will cost Rs 95.50. Today's petrol price per litre in Gurgaon is Rs 96.70, up from Rs 95.90 yesterday, while today's diesel price is Rs 87.92, up from Rs 87.11 yesterday.
Today's petrol price in Noida is Rs 96.44, down from Rs 95.66 yesterday, while diesel is Rs 87.95, down from Rs 87.17 yesterday. Today's petrol price in Bhubaneswar is Rs 102.66, up from Rs 101.92 yesterday, while today's diesel price is Rs 92.48, up from Rs 91.73 yesterday.
Petrol prices in Chandigarh are today at Rs 95.01 and diesel prices are at Rs 81.63. Petrol costs Rs 107.94 in Jaipur today, compared to Rs 107.56 yesterday, while diesel costs Rs 91.53, compared to Rs 91.15 yesterday.
As per a research report of Kotak Securities "Volatility is high across commodity sector and energy sector is at the heart of it. Crude oil has been on a rise since start of the year amid worries about tighter market as OPEC struggled to boost output while demand remained firm despite virus outbreak and this led to decline in stocks. The gains intensified as Russia-Ukraine tensions added to supply concerns and this helped push crude oil to 2008 high last week."
"Crude however corrected more than 28% from the highs as market players assessed supply risks as well as implication of higher price on demand. Price has however recovered nearly 10% from recent lows as tightness concerns persisted. Volatility in crude oil and larger financial markets reflects sensitivity to geopolitical developments however market focus has now shifted to central banks as well as China which means volatility may continue," the report says.
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