Petrol, Diesel Prices Hiked By Around 30 Paise; Touches New High In Delhi At Rs. 86.95/Litre

Petrol and diesel prices in India have gone up for the second consecutive day today, on Friday, February 5, 2021. In the national capital Delhi, today petrol is priced at an all time high of Rs. 86.95 per litre, while diesel is priced at Rs. 77.13 per litre. In comparison, petrol and diesel were priced at Rs. 86.65 per litre and Rs. 76.83 per litre, respectively, on February 4, 2021. At the same time, in the country's financial capital, Mumbai, petrol prices have touched Rs. 93.49 per litre, while diesel rates have reached Rs. 83.99 per litre.

In Mumbai, Mumbai, petrol prices have touched Rs. 93.49 per litre, while diesel rates have reached Rs. 83.99 per litre.

Other metro cities have witnessed similar price hikes in fuel rates. In Kolkata, today petrol is priced at Rs. 88.30 per litre, while diesel is priced at Rs. 80.71 per litre, while in Chennai petrol and diesel prices stand at Rs. 89.39 per litre and Rs. 82.33 per litre respectively. On the other hand, in Bengaluru, petrol prices currently stand at Rs. 89.85 per litre, while diesel is priced at Rs. 81.76 per litre. At the same time, in Hyderabad, petrol is priced at Rs. 90.42 per litre and diesel is priced at Rs. 84.14 per litre.

Fuel prices in India have been witnessing an upward revision since early January 2021, after remaining stagnant for over a month. Right now, India's oil marketing companies like - Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum are revising domestic fuel prices on daily bases. 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 also taking into account the changes in the foreign exchange rates. Today, Brent crude grew by 0.38 per cent to $ 58.84 per barrel.