Petrol, Diesel Prices Hiked Again Across India

After a pause of two days, state-run oil marketing companies yet again hiked prices of petroleum products across the country. As per the notification from oil retailers, petrol and diesel prices have been hiked by up to 37 paise and 38 paise, respectively. With new prices coming into effect, the two auto fuels have touched a new all-time high of Rs. 90.83 per litre and Rs. 81.32 per litre in Delhi. In the last 15 days, the petrol rate has increased by Rs. 3.89 a litre while the diesel rate has risen by Rs. 4.53 per litre in the national capital region.

Also Read: Petrol, Diesel Prices Hiked For 12th Straight Day; Petrol Breaches ₹ 101/Litre Mark In Rajasthan's Sri Ganganagar​

The two auto fuels have touched a new all-time high of Rs. 90.83 per litre and Rs. 81.32 per litre in Delhi.

Here are the prices of petrol and diesel per litre on February 23, 2021:

With today's hike, petrol now costs Rs. 97.34 per litre, while diesel retails at Rs. 88.44 per litre in Mumbai. With 12 days straight price hike, petrol rates breached Rs. 100 per litre-mark in some parts of Maharashtra and Rajasthan. With the increasing fuel rates, four state governments took the decision of lowering state tax to slightly reduce the burden on consumers. It includes West Bengal, Rajasthan, Meghalaya and Assam.

Customers in Kolkata will now have to pay Rs. 91.78 for one-litre of petrol and for diesel will have to shell out Rs. 84.20. In Chennai and Bengaluru, petrol is priced at Rs. 92.90 a litre and Rs. 93.98 per litre, while diesel is retailed at Rs. 86.31 and Rs. 86.21 per litre, respectively. Petrol in Rajasthan's Sri Ganganagar and Madhya Pradesh's Anuppur has breached Rs. 101/litre mark. Customer in these cities will have shell out Rs. 101.59 per litre and Rs. 101.34 per litre. For diesel, they will have to pay Rs. 93.61 and Rs. 91.81, respectively.

Fuel prices vary from state to state depending on the incidence of local sales tax or VAT.

Also Read: Petrol Breaches ₹ 90/Litre Mark In Delhi; It's Now Over ₹ 100/Litre In Select Cities Of Rajasthan And MP​

Fuel prices vary from state to state depending on the incidence of local sales tax or VAT. Hindustan Petroleum Corporation, Indian Oil Corporation, and Bharat Petroleum 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.