Petrol, Diesel Prices Increased For Seventh Straight Day

Domestic fuel rates continue to soar across the country. State-run oil marketing companies on Monday increased fuel prices for the seventh consecutive day. As per the notifications from oil retailers, petrol prices have been hiked by 26 paise to Rs. 88.99 per litre from Rs. 88.73 in Delhi. On the other hand, diesel prices went up by 29 paise from Rs. 79.06 per litre to Rs. 79.35 per litre. In the last seven days, fuel prices have gone up by Rs. 2.06 per litre and Rs. 2.17 per litre for petrol and diesel respectively.

Also Read: Petrol, Diesel Rates Hiked For Sixth Straight Day; Petrol Crosses ₹ 95/Litre Mark In Mumbai​

Petrol and diesel prices in Mumbai have reached all-time highs of Rs. 95.46 and Rs. 86.34, respectively

Here are the prices of petrol and diesel in the five metros on January 15, 2021:

On Sunday, the two auto fuels retailed at Rs. 95.21 per litre and Rs. 86.04 per litre in Mumbai. With the latest revision, petrol prices have reached Rs. 95.46 per litre, while diesel now costs Rs. 86.34 per litre in the financial capital of India, Mumbai.

Customers in Kolkata will now have to pay Rs. 90.25 for one-litre of petrol and for diesel they will have to shell out Rs. 82.94. In Chennai, petrol retailed at Rs. 91.19 a litre and Rs. 84.44 a litre respectively. Petrol became 27 paise costlier in Bengaluru and is priced at Rs. 91.97 per litre, while diesel increased to Rs. 84.12.

Petrol prices are at all-time highs in Delhi & Mumbai

Also Read: Petrol, Diesel Prices Hiked Again; Petrol Nears ₹ 95/Litre Mark In Mumbai​

Fuel prices vary from state to state depending on the incidence of local sales tax or VAT. The country's three major oil marketing firms - Hindustan Petroleum Corporation, Indian Oil Corporation, and Bharat Petroleum Corporation revise fuel rates on daily basis. They also make necessary changes to align the petroleum prices with global benchmark and dollar-rupee exchange rate.