Domestic prices of petrol and diesel have been hiked for the sixth consecutive day across India. As per the notification from state-owned oil marketing companies, petrol and diesel have become dearer by 29 paise and 32 paise, respectively. In Delhi, petrol is now priced at ₹ 88.73 per litre while diesel has touched an all-time high of ₹ 79.06 per litre. On Saturday, the two auto fuels were priced at ₹ 88.44 per litre and ₹ 78.74 per litre, respectively.
Here are the prices of petrol and diesel in the five metros on January 14, 2021:
|Delhi||₹ 88.73||₹ 79.06|
|Mumbai||₹ 95.21||₹ 86.04|
|Chennai||₹ 90.96||₹ 84.16|
|Kolkata||₹ 90.01||₹ 82.65|
|Bengaluru||₹ 91.70||₹ 83.81|
In the last six days, fuel prices have gone up by ₹ 1.8 per litre and ₹ 1.88 per litre for petrol and diesel respectively. With the continuous revision in fuel rates, petrol prices on Sunday breached ₹ 95-mark and diesel too surpassed ₹ 86-mark in Mumbai. Customers in Mumbai will now have to pay ₹ 95.21 per litre for one-litre petrol and for diesel they will have to shell out ₹ 86.06 for a litre. The fuel rates have been hiked for the sixth straight day which came into effect from 6 am today.
The retail price of petrol in Kolkata went up by 28 paise to ₹ 90.01 per litre from ₹ 89.73 per litre and diesel retails at ₹ 82.65 per litre. In Chennai and Bengaluru, petrol retailed at ₹ 90.96 and ₹ 91.70 respectively. On the other hand, diesel retailed at ₹ 84.16 in Chennai and ₹ 83.81 in Bengaluru.
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. Fuel prices vary from state to state depending on the incidence of local sales tax or VAT.