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Diesel price increased, petrol unchanged; check rates in your city7

By Priyanka Verma 
Updated Date
Diesel price increased, petrol unchanged; check rates in your city7

There has been no change in the prices of petrol for 21 consecutive days. At the same time, diesel rates have been increased by 25 to 27 paise across the country. Notably, diesel prices recorded a hike of 20-22 paise earlier on Friday and it was the first increase since July 15. Interestingly, just three days later, the prices of diesel were increased again by 25-27 paise.

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As of today, petrol is retailing at Rs 101.19 per litre in New Delhi while diesel is being sold at Rs 89.07 per litre, recording an increase of 25 paise from yesterday’s price.

In Mumbai, the price of petrol remained unaltered at Rs 107.26 on Sunday, which is still the highest among the four metro cities at present. On the other hand, diesel prices rose by 27 paise to Rs. 96.68 in the financial capital.

Similarly, diesel prices have recorded a hike of 25 paise and 23 paise in Kolkata and Chennai respectively and it costs Rs. 92.17 in Kolkata and Rs. 93.69 in Chennai.

Also, petrol is retailing at Rs. 101.62 in Kolkata and over Rs. 93 in Chennai.

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Since the last price revision in petrol on September 5, the price of petrol and diesel in the international market is higher by around $6-7 per barrel as compared to average prices during August.

But oil companies, which are supposed to revise prices daily in line with the cost, did not change rates for almost three weeks. They have now started to pass on the increase to customers. Average international crude oil prices had fallen by more than $3 per barrel in August as compared to the previous month. This came against the backdrop of mixed economic data from the United States and China and mobility restrictions in Asia fuelled by the fast-spreading Delta variant.

Accordingly, retail prices of petrol and diesel in the Delhi market were reduced by Rs 0.65 a litre and Rs 1.25 per litre by oil marketing companies from July 18 onwards.

The last downward revision was on September 5. Prior to that, the petrol price was increased by Rs 11.44 a litre between May 4 and July 17. Diesel rate had gone up by Rs 9.14 during this period.

The price hike during this period pushed petrol prices above the Rs 100-a-litre mark in more than half of the country, while diesel crossed that level in at least three states. India is dependent on imports to meet nearly 85 per cent of its oil needs and so benchmarks local fuel rates to international oil prices.

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It may be noted that petrol has already crossed the three-figure mark in several Indian cities. Meanwhile, the rise in diesel prices could be a result of surging global crude oil rates as the demand and supply outlook improves.

Petrol and Diesel prices in major Indian cities:

NEW DELHI — PETROL (PER LITRE)- Rs. 101.19,,,DIESEL (PER LITRE)-Rs. 89.07
MUMBAI— PETROL (PER LITRE) – Rs. 107.26,,,DIESEL (PER LITRE)-Rs. 96.68
CHENNAI — PETROL (PER LITRE)- Rs. 98.96,,,DIESEL (PER LITRE)- Rs. 93.69
KOLKATA — PETROL (PER LITRE)- Rs. 101.62,,,DIESEL (PER LITRE)-Rs. 92.17
BENGALURU — PETROL (PER LITRE)- Rs. 104.70,,,DIESEL (PER LITRE)-Rs. 94.53
PATNA — PETROL (PER LITRE)- Rs. 103.79,,,DIESEL (PER LITRE)-Rs. 95.10

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