Fuel Prices Hiked For Second Consecutive Day Across Cities

RBI, petrol, diesel, Excise Duty, OPEC

In Delhi, petrol prices have been increased by 19 paise to Rs 90.74 per litre and diesel prices have been raised by 21 paise to Rs 81.12 per litre. In Mumbai, the revised prices of petrol and diesel are Rs 97.12 per litre and Rs 88.19 per litre respectively,

Fuel prices were hiked in cities today after a two-week-long hiatus that coincided with assembly elections in poll-bound states like West Bengal.

In Delhi, petrol prices have been increased by 19 paise from Rs 90.55 per litre to Rs 90.74 per litre and diesel prices have been raised by 21 paise from Rs 80.91 per litre to Rs 81.12 per litre, according to Indian Oil Corporation. In Mumbai, the revised prices of petrol and diesel are Rs 97.12 per litre and Rs 88.19 per litre respectively, according to the state-run oil refiner. Presently, fuel prices are the highest in Mumbai among the four metro cities.

Petrol, diesel
Petrol Prices in India continued to reach new peaks in spite of the global oil prices trend, especially in 2020.

The prices of petrol and diesel vary across states in India due to the value-added tax. Prices have been on a continuous uptrend since April 27, an industry official told Deccan Herald adding crude oil price hit $65 per barrel mark. It is expected that the crude oil prices in the international market will remain firm in the near future, exerting upward pressure, he said.

Also Read: “Can’t Be Called Socially or Educatinally Backward”: Supreme Court Strikes Down Contentious Maratha Reservation

The state-run oil marketing companies, Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum, align the rates of domestic fuel with the global crude oil prices by taking into account changes in the foreign exchange rates. The new changes in fuel prices are implemented with effect from 6 am each day.


Next Story
Share it
Top
To Top