Petrol Prices Hit New All-Time High Of Rs. 85.20/Litre In Delhi

State-run oil companies on Tuesday, yet again, increased petrol and diesel prices by 25 paise and up to 26 paise respectively across all the metro cities. As per the notification from Indian Oil Corporation, the two auto fuels now have reached a new all-time high of Rs. 85.20 per litre and Rs. 75.38 per litre in the national capital. On Monday, petrol and diesel retailed at Rs. 84.95 per litre and Rs. 75.13 per litre in Delhi. The fuel prices differ from state to state, which depends on the value-added tax (VAT) levied by the state government.

Petrol price in the capital city has breached Rs. 85/Litre mark

Also Read: Petrol Prices Hit New High At ₹ 84.95/Litre In Delhi; Touches ₹ 91.56 In Mumbai

Here are the prices of petrol and diesel per litre in the five metros on January 19, 2021:

In the last eleven days, petrol prices have surged by Rs. 1.53 per litre and diesel rate has increased by Rs. 2.21 in the national capital. Petrol and diesel rates remained static since September 22 and October 2, respectively. The oil marketing companies started revising fuel rates from November 20 onwards.

On Tuesday, petrol and diesel prices stood at an all-time high of Rs. 91.80 per litre and Rs. 82.13 per litre in Mumbai, witnessing a hike of 25 paise and 26 paise respectively. With the new revision in rates, petrol breached previous all-time high of Rs. 91.34 on October 4, 2018. Buyers in Chennai and Kolkata will have to shell out Rs. 87.85 and Rs. 86.63 respectively for one litre of petrol and will have to pay Rs. 80.67 and Rs. 78.97 respectively per litre for diesel. The two auto fuels in Bengaluru cost Rs. 88.07 per litre and Rs. 79.94 per litre for petrol and diesel respectively.

Changes in fuel prices come into effect at 6 am every day

Also Read: Petrol Price Hits All-Time High Of ₹ 84.45/Litre In Delhi; Breaches ₹ 91/Litre Mark In Mumbai

The three oil marketing companies have been revising the retail cost 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.