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Petrol, Diesel Prices Hiked Again Across Metro Cities

In the last ten days, petrol price has gone up by Rs. 1.28 per litre and diesel rate has increased by Rs. 1.96 in Delhi.

Fuel prices defer from state to state depending on the incidence of local sales tax or VAT. expand View Photos
Fuel prices defer from state to state depending on the incidence of local sales tax or VAT.

Highlights

  • Diesel price in Delhi increased by 29 paise, to Rs. 72.42 per litre
  • Petrol price on Sunday crossed Rs. 89-mark in Mumbai
  • Petrol and diesel prices are revised daily by the state-run OMCs

The oil companies on Sunday, yet again, increased the fuel prices across all the metro cities resulting in a hike of 21 paise and by up to 31 paise in prices of petrol and diesel, respectively. As the price hike continues, the petrol rates on Saturday surpassed the ₹ 82 mark, while diesel breached the ₹ 72 mark in the capital city. With newly revised prices, customers in Delhi will have to shell out ₹ 82.34 per litre for petrol and will have to pay ₹ 72.42 for a litre of diesel. The fuel prices differ from state to state, which depends on the value-added tax (VAT) levied by the state government.

Here are the prices of petrol and diesel in the five metros on November 29, 2020:

City Petrol Diesel
Delhi ₹ 82.34 ₹ 72.42
Mumbai ₹ 89.02 ₹ 78.97
Chennai ₹ 85.31 ₹ 77.84
Kolkata ₹ 83.87 ₹ 75.99
Bengaluru ₹ 85.09 ₹ 76.77

Also Read: Petrol, Diesel Prices Hiked For The Eighth Time In Nine Days​

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Customers in Delhi will have to shell out ₹ 82.34 per litre of petrol

In the last ten days, petrol price has gone up by ₹ 1.28 per litre and diesel rate has increased by ₹ 1.96 in the national capital. Petrol and diesel rates remained static since September 22 and October 2, respectively. The OMCs started revising rates of auto fuels from November 20 onwards.

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In Mumbai, petrol prices surpassed ₹ 89 mark as it is retailing at ₹ 89.02 per litre against ₹ 88.81 per litre on Friday. Diesel, on the other hand, is retailed at ₹ 78.97 per litre, seeing a hike of 31 paise. In Kolkata, the retail price of petrol went up by 20 paise to Rs 83.87 per litre from ₹ 83.67 a litre and diesel increased to ₹ 75.99 per litre. In Chennai and Bengaluru, petrol retailed at ₹ 85.31 and ₹ 85.09 respectively. On the other hand, diesel retailed at ₹ 77.84 in Chennai and ₹ 76.77 in Bengaluru.

Oil marketing companies (OMCs) have been revising the retail rates of petroleum products since November 20, 2020. The 58-day hiatus in petrol price revision and 48-day status quo on diesel rates were preceded by no change in rates between June 30 and August 15 and an 85-day status quo between March 17 and June 6.

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Diesel retailed at ₹ 77.84 in Chennai and ₹ 76.77 in Bengaluru.

Also Read: Indian Government's Big EV Push: 69,000 Petrol Pumps To Get Charging Kiosks​

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Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation are the three major oil marketing companies in India. The oil marketing companies revise petrol and diesel rates daily and make necessary changes to align the petroleum prices with global benchmark and dollar-rupee exchange rate.

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