Petrol, Diesel Prices Hiked Again; Petrol Nears Rs. 95/Litre Mark In Mumbai

Petrol and diesel prices touched new record highs on Saturday after state-run oil marketing companies (OMCs) yet again hiked prices for the fifth consecutive day. As per a notification from fuel retailers, petrol price in Delhi was increased by 30 paise from Rs. 88.14 per litre to Rs. 88.44, while diesel was hiked saw a hike of 36 paise to Rs. 78.74. With the latest revision in fuel rates, it took petrol to an all-time high of Rs. 88.44 per litre and Rs. 94.93 per litre in Delhi and Mumbai, respectively. On Friday, the auto fuels in the national capital retailed at Rs. 88.14 and Rs. 78.38 respectively.

Also Read: Fuel Prices Hiked For The Fourth Consecutive Day; Petrol Touches New High Of ₹ 88.14/Litre In Delhi​

Changes in fuel prices are implemented at 6 am every day

Here are the prices of petrol and diesel in the five metros on January 13, 2021:

Buyers in the financial capital will have to shell out Rs. 94.93 for one litre of petrol and will have to pay Rs. 85.70 per litre for diesel. Petrol price in Chennai has been increased to Rs. 90.70 per litre, which cost of diesel has hiked to 83.86 rupees per litre. In Kolkata, petrol and diesel retailed at Rs. 89.73 per litre and Rs.82.33 per litre, respectively. Moreover, the two auto fuels in Bengaluru cost Rs. 91.40 a litre and Rs. 83.47 a litre for petrol and diesel, respectively.

Customers in Mumbai will have to pay Rs. 94.93 per litre for petrol

Also Read: Retail Price Of Petrol Has Increased By 73% In Last 13 Years Despite Crude Oil Price Falling 23%​

Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum are the three leading oil marketing companies. Changes in fuel prices are implemented at 6 am every day. The priced are determined as per global benchmarks of crude oil rates, and by taking changes in the foreign exchange rates into account. The fuel rates vary from state to state in the country due to the value-added tax or VAT.