Fuel Prices Hit New Record Highs; Petrol Crosses Rs. 92/Litre Mark In Delhi

Domestic fuel prices have been increased for the third consecutive day after remaining stagnant over the weekend. With the latest revision, both petrol and diesel have become dearer by up to 25 paise and up to 27 paise reaching new all-time highs across the country. This is the seventh hike in fuel prices this month. In Delhi, the petrol price has now breached Rs. 92/litre mark while diesel is already retailing at Rs. 82.61 a litre for diesel. Buyers will have to pay Rs. 92.05 for one litre of petrol in Delhi.

Also Read: Petrol Prices Surpass ₹ 100/Litre Mark For The Second Time This Year​

In Delhi, petrol and diesel have increased by Rs. 1.65 a litre and Rs. 1.88 this month

Here are the prices of petrol and diesel per litre in the five metros on May 12, 2021:

Also Read: India's Fuel Demand Fell 9.4% In April 2021; Coronavirus Wave Clouds Outlook

In the country's financial capital, Mumbai, fuel prices have touched new record highs. Petrol retails at Rs. 98.36 per litre, while diesel is sold at Rs. 89.75 per litre. Other metropolitan cities have witnessed similar price hikes in fuel rates. In Kolkata, petrol is priced at Rs. 92.16 per litre, while diesel costs Rs. 85.45 per litre, while in Chennai petrol and diesel prices stand at Rs. 93.84 per litre and Rs. 87.49 per litre, respectively. On the other hand, in Bengaluru, petrol prices currently stand at Rs. 95.11 per litre, while diesel is retailed at Rs. 87.57 per litre.

Fuel rates have already crossed Rs. 100/litre mark this year in certain parts of Rajasthan, Madhya Pradesh and even Maharashtra. For the first time, petrol rates in Bhopal have breached Rs. 100/litre mark. In Rajasthan's Sri Ganganagar, petrol is approaching towards Rs. 103/litre mark while diesel is above Rs. 95/litre mark. In Anuppur district of Madhya Pradesh, petrol and diesel are priced at Rs. 102.66 per litre and Rs. 93.33 per litre, respectively. Customers in the Parbhani district of Maharashtra will have to pay Rs. 100.74 a litre and Rs. 90.67 a litre for petrol and diesel, respectively.

Petrol price in Rajasthan's Sri Ganganagar is inching towards Rs. 103/litre mark

Also Read: Fuel Prices Touch All-Time Highs, Petrol Breaches ₹ 98/Litre Mark In Mumbai​

Fuel rates vary from state to state depending on the incidence of local sales tax or VAT. Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation are the country's three major oil marketing firms and they revise fuel rates on daily basis. They also make necessary changes to align the petroleum prices with the global benchmark and dollar-rupee exchange rate.