The oil companies on Saturday, yet again, revised the fuel prices on the 21st consecutive day resulting in a hike of 25 paise and 21 paise in prices of petrol and diesel respectively. With these newly revised prices, customers in Delhi will have to shell out ₹ 80.38 per litre for petrol and, they will have to pay ₹ 80.40 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.
In Mumbai, the price of petrol surpassed ₹ 87 mark as it is retailing at ₹ 87.14 per litre against ₹ 86.91 per litre on Friday. Diesel, on the other hand, is retailed at ₹ 78.71 per litre. In Kolkata, the retail price of petrol went up by 23 paise to Rs 82.05 per litre from Rs 81.82 a litre. While diesel retails at ₹ 75.52 per litre.
Oil marketing companies (OMCs) have been revising the retail rates of petroleum products since June 7, 2020. The firms took this step to bring the fuel prices in-line with costs after the 82-day-long hiatus, which was caused to the COVID-19 pandemic.