Retail prices of petrol hit a new record high on Tuesday in the national capital with oil marketing companies (OMCs) raising pump prices by 35 paise a litre to ₹87.30. Diesel prices were also up 35 paise a litre, selling at ₹77.48 a litre in Delhi, according to price notification of state-owned fuel retailers.
The price of petrol in Delhi currently now stands at Rs 87.30 per litre while that of diesel is at Rs 77.48. In Mumbai, petrol now costs 93.83, while diesel is retailing at Rs 84.36.
Here’s what you pay for a litre of petrol and diesel in your city on Tuesday, February 9, 2021:
New Delhi— Petrol (Rs/litre)- 87.30 — Diesel (Rs/litre)- 77.48
Mumbai— Petrol (Rs/litre)- 93.83 — Diesel (Rs/litre)- 84.36
Kolkata— Petrol (Rs/litre)- 88.63 — Diesel (Rs/litre)- 81.06
Chennai— Petrol (Rs/litre)- 89.70 — Diesel (Rs/litre)- 82.66
Bengaluru— Petrol (Rs/litre)- 90.22 — Diesel (Rs/litre)- 82.13
Hyderabad— Petrol (Rs/litre)- 90.78 — Diesel (Rs/litre)- 84.52
Patna— Petrol (Rs/litre)- 89.74 — Diesel (Rs/litre)- 82.66
Jaipur— Petrol (Rs/litre)- 93.67 — Diesel (Rs/litre)- 77.84
Thiruvananthapuram—Petrol (Rs/litre)-89.18– Diesel (Rs/litre)- 83.33
Source: Indian Oil Corporation
Petrol and diesel prices are generally revised on a daily basis in line with benchmark international price and foreign exchange rates.
In the global markets, oil prices edged up on Tuesday to their highest in 13 months as supply cuts by major producers and optimism over fuel demand recovery support energy markets, according to a report by news agency Reuters.
Brent crude futures for April gained 29 cents (0.5 per cent) to $60.85 a barrel by 0246 GMT. US West Texas Intermediate crude (WTI) for March was at $58.25 a barrel, up 28 cents (0.5 per cent). Both Brent and WTI are at their highest since January 2020, the report said.
Additional supply reductions by top exporter Saudi Arabia in February and March, on top of cuts by producers in the Organization of the Petroleum Exporting Countries and their allies, are tightening supplies and balancing global markets.
Investors are also pinning hopes on oil demand recovery when COVID-19 vaccines take effect. A weak dollar has also helped shored up prices of commodities.