After a pause of 18 days, the state-owned oil marketing companies (OMCs) on Tuesday have increased fuel rates across the country. With the latest revision, petrol prices in Delhi were increased by 15 paise from ₹ 90.40 per litre to ₹ 90.55 per litre. On the other hand, diesel prices went up by 18 paise from ₹ 80.73 per litre to ₹ 80.91 per litre in the national capital. Fuel rates were last revised on April 15, 2021, when petrol and diesel prices were reduced by 16 paise and 14 paise, respectively.
Here are the prices of petrol and diesel in the five metros on May 5, 2021:
|Delhi||₹ 90.55||₹ 80.91|
|Mumbai||₹ 96.95||₹ 87.98|
|Chennai||₹ 92.55||₹ 85.90|
|Kolkata||₹ 90.76||₹ 83.78|
|Bengaluru||₹ 93.60||₹ 85.81|
Customers in Mumbai will now have to pay ₹ 96.95 for one litre of petrol, seeing a hike of 12 paise. However, diesel rate rose by 17 paise to ₹ 87.98 a litre. Petrol price in Chennai has been increased by 12 paise to ₹ 92.55 per litre, which cost of diesel has increased to ₹ 85.90 per litre. In Kolkata, petrol and diesel retail at ₹ 90.76 per litre and ₹ 83.78 per litre, respectively. Moreover, the two auto fuels in Bengaluru cost ₹ 93.60 a litre and ₹ 85.81 a litre for petrol and diesel, respectively.
Petrol and diesel rates have been cut by 77 paise per litre and 74 paise per litre in total since March 24, 2021. Prior to these price cuts, the two auto fuels in 2021 had witnessed a rate hike of ₹ 7.46 per litre and ₹ 7.60 per litre for petrol and diesel, respectively.
Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum are the three leading oil marketing companies. Changes in fuel prices are implemented at 6 am every day. The prices are determined as per global benchmarks of crude oil rates, and by taking changes in the foreign exchange rates into account. The fuel rates vary from state to state in the country due to the value-added tax or VAT.