Record fuel price hike due to spike in oil prices during last couple of weeks: FM Posted on March 30, 2022 by cngpump The basket of crude oil that India buys averaged USD 100.71 per barrel that day as compared to USD 82 in early November 2021 when state-owned fuel retailers hit the pause button on daily price revision. Related posts: Oil price falls below $100, eases pressure on oil marketing companies FM expresses concern on rising oil prices; Puri says oil cos to decide on hike Petrol, diesel price hiked by 80 paise; LPG at record high after Rs 50 rise Fuel price hike: Petrol, diesel trickles into private pumps as retail prices rise No need to panic. Oil prices could drop to $100 a barrel in two weeks: Arun Kumar Singh Chairman & MD, BPCL Fuel price hike: Petrol, diesel prices raised for 2nd day in a row Fuel price hike: Petrol, diesel prices hiked by 80 paise a litre Diesel price hike may result in no immediate impact on truck rentals, says IFTRT Fuel price hike: Petrol price raised again by 50 paise, diesel up 55 paise Fuel price hike: Petrol now costs Rs 99.41 per litre in Delhi, diesel at Rs 90.77