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India Sees Steepest Hike Of Rs 35 Paise In Petrol, Diesel Rates On Republic Day

Fuel prices in India have gone up by 35 paise, and petrol prices have reached a new all-time high of Rs. 86.05 per litre and Rs. 92.62 per litre, respectively.

Fuel prices have gone up by 35 paise, with petrol prices reaching a new high of Rs. 86.05 /litre in Delhi expand View Photos
Fuel prices have gone up by 35 paise, with petrol prices reaching a new high of Rs. 86.05 /litre in Delhi

Highlights

  • Petrol prices in Delhi touched all-time high of Rs. 86.05 per litre
  • Customers in Mumbai will have to pay Rs. 92.62 per litre for petrol
  • Petrol and diesel prices are revised daily by the state-run OMCs

Domestic fuel rates on the Republic Day recorded the steepest single-day hike of 35 paise across the country. As per the notification from Indian Oil Corporation, the two auto fuels now have reached a new all-time high of ₹ 86.05 per litre and ₹ 76.23 per litre in the national capital. The fuel prices differ from state to state, which depends on the value-added tax (VAT) levied by the state government. State-run oil companies have revised fuel rates on nine instances this month witnessing a cumulative hike of ₹ 2.34 per litre and ₹ 2.36 per litre in petrol and diesel respectively.

Also Read: Petrol Prices Hit New High At ₹ 84.95/Litre In Delhi; Touches ₹ 91.56 In Mumbai​

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Changes in fuel prices are implemented at 6 am every day

Here are the prices of petrol and diesel per litre in the five metros on January 26, 2021:
City Petrol Diesel
Delhi 86.05 76.23
Mumbai 92.62 83.03
Chennai 88.60 81.47
Kolkata 87.45 79.83
Chennai 88.60 81.47

Other metro cities too have seen an increase in fuel rates. In Mumbai, petrol and diesel touched ₹ 92.62 per litre and ₹ 83.03 per litre, respectively. In Kolkata, customers will now have to pay ₹ 87.45 for one litre of petrol and ₹ 79.83 for a litre of diesel. On the other hand, petrol and diesel now retail at ₹ 88.95 per litre and ₹ 80.84 per litre respectively in Bengaluru. Petrol price in Chennai has been increased to ₹ 88.60 per litre, which cost of diesel has hiked to 81.47 rupees per litre.

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In Kolkata, petrol and diesel retailed at ₹ 87.45 per litre and ₹ 79.83 per litre, respectively.

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Also Read: Petrol Prices Hit New All-Time High Of ₹ 85.20/Litre In Delhi​

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The oil marketing companies such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise domestic fuel prices on daily with global benchmarks by taking into account alterations in the foreign exchange rates accordingly. Changes in fuel prices are implemented at 6 am every day.

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