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

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 Rs. 86.05 per litre and Rs. 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 Rs. 2.34 per litre and Rs. 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​

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:

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

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

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

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.