Petrol and Diesel Price Today in India: Fuel rates were hiked today (Saturday, May 29) for the 15th time since May 2, with petrol prices crossing the Rs 100 mark in Mumbai
Petrol and diesel prices were deregulated in 2010 and 2014 respectively.
The spiralling petrol, diesel and gas prices have severely dented domestic budgets across the country, and the continuous hike in excise duty on petrol, diesel and cooking gas by the Centre in the past seven years has been the main reason behind the high cost of these commodities which are most essential for common man s consumption.
While people have been burdened, between 2013-14 and 2020-21, there has been an astounding 96 per cent increase in excise duty collection on these commodities.
According to official figures, the excise duty collection on the three essential commodities was Rs 12,35,870 crore in 2013-14. However by 2020-21 (till January 2021), these collections had gone up to Rs 24,23,020 crore, an increase of 96 per cent over the 2013-14 figures.
Retail prices of heavily taxed petrol and diesel in the country have touched record highs
India has urged OPEC and allied oil producers to ease production cuts as higher crude prices are hitting fuel demand in Asia s third-largest economy and adding to inflation, its oil minister, Dharmendra Pradhan, said on Wednesday. The price-sensitive Indian consumers are affected by rising petroleum product prices, Pradhan said ahead of a March 4 policy-setting meeting of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+. Oil has been supported in the past few weeks by OPEC+ supply curbs and hopes of a demand rebound due to COVID-19 vaccinations. Benchmark Brent crude rose to $64.72 a barrel at 1237 GMT.
₹ 83.81
In the last six days, fuel prices have gone up by ₹ 1.8 per litre and ₹ 1.88 per litre for petrol and diesel respectively. With the continuous revision in fuel rates, petrol prices on Sunday breached ₹ 95-mark and diesel too surpassed ₹ 86-mark in Mumbai. Customers in Mumbai will now have to pay ₹ 95.21 per litre for one-litre petrol and for diesel they will have to shell out ₹ 86.06 for a litre. The fuel rates have been hiked for the sixth straight day which came into effect from 6 am today.
The retail price of petrol in Kolkata went up by 28 paise to ₹ 90.01 per litre from ₹ 89.73 per litre and diesel retails at ₹ 82.65 per litre. In Chennai and Bengaluru, petrol retailed at ₹ 90.96 and ₹ 91.70 respectively. On the other hand, diesel retailed at ₹ 84.16 in Chennai and ₹ 83.81 in Bengaluru.
Petrol, Diesel Prices At All-Time Highs, Hiked For Fifth Day In A Row Petrol, Diesel Prices Today: In Delhi, the price of petrol was hiked by 30 paise from Rs 88.14 to Rs 88.44, and diesel was increased by 35 paise from Rs 77.38 to Rs 78.74 per litre
Updated: February 13, 2021 11:42 am IST
Fuel Rates Today: Both petrol and diesel prices were hiked in all four metro cities during the week
Petrol, Diesel Prices Today: Petrol and diesel prices touched all-time highs across the four metros on Saturday, February 13, after oil marketing companies increased the rates by almost 30-35 paise for the fifth straight day. In Delhi, the price of petrol was hiked by 30 paise from Rs 88.14 to Rs 88.44, and diesel was increased by 35 paise from Rs 77.38 per litre to Rs 78.74 per litre, according to Indian Oil Corporation, the country s largest fuel retailer. Meanwhile, in Mumbai, the revised petrol and diesel rates stood at Rs 94.93 per litre and Rs 85.70 per litre respectively. C