Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices were increased for the seventh time in eight days by oil marketing companies (OMC). Fuel rates have now increased by as much as Rs 4.90 per litre after OMC hiked prices for the first time last Tuesday. Petrol in the National Capital of Delhi currently retails at Rs 100.21 per litre up from Rs 99.41 per litre yesterday, an increase of 80 paise from yesterday while diesel in the city is priced at Rs 91.47 from Rs 90.77, an increase of 70 paise from yesterday. In Mumbai, a litre of petrol and diesel cost Rs 115.04 and Rs 99.25, respectively. Pieces were hiked last week for the first time in 4 months. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.
OMCs had earlier, neither raised nor reduced petrol and diesel rates for more than 100 days, while international oil prices were volatile. Prices have increased across states but the magnitude of the revision in prices varies from state to state. Any changes in petrol and diesel prices are implemented with effect from 6 am every day. Retail petrol, diesel prices differ from state to state on account of local taxes like VAT or freight charges. Analysts had expected an increase in fuel rates as crude oil prices were hurting the government’s kitty.
Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram
Mumbai: Petrol price: Rs 115.04 per litre, Diesel price: Rs 99.25 per litre
Delhi: Petrol price – Rs 100.21 per litre, Diesel price – Rs 91.47 per litre
Chennai: Petrol price: Rs 105.94 per litre, Diesel price: Rs 96.00 per litre
Kolkata: Petrol price: Rs 109.68 per litre, Diesel price: Rs 94.62 per litre
Bengaluru: Petrol price: Rs 105.62 per litre, Diesel price: Rs 89.70 per litre
Noida: Petrol price: Rs 100.28 per litre, Diesel price: Rs 91.82 per litre
Gurugram: Petrol price: Rs 100.67 per litre, Diesel price: Rs 91.90 per litre
Chandigarh: Petrol price: Rs 99.63 per litre, Diesel price: Rs 85.99 per litre
Hyderabad: Petrol price – Rs 113.61 per litre, Diesel price – Rs 99.84 per litre
Crude Oil prices slips
Crude oil prices continued to move lower on Tuesday morning as fears of demand cool down amid rising cases of covid-19 in China and Russia-Ukraine peace talks. Brent crude futures were down $1.07 or 1% to trade at $111.41 per barrel after having traded as low as $109.97 per barrel. U.S. West Texas Intermediate (WTI) crude futures were at a low of $103.46 a barrel.
