Petrol and diesel costs continued to rise for the eleventh straight day and contact new highs throughout the nation on Friday, February 19, 2021. In the nationwide capital, petrol worth was hiked by 31 paise per litre and diesel bought dearer by 33 paise.
With the most recent worth hike, petrol immediately breached the Rs 90-mark in Delhi and is now retailing at Rs 90.19 a litre whereas diesel is promoting at Rs 80.60. In the monetary capital Mumbai, petrol worth now stands at Rs 96.62 whereas diesel prices Rs 87.67.
In Rajasthan’s Sri Ganganagar, petrol climbed to Rs 100.82 and diesel soared to Rs 92.83 per litre. This is the very best retail worth of the important thing auto fuels throughout the nation. It was adopted by Madhya Pradesh’s Anuppur, the place petrol immediately prices Rs 100.57 per litre and diesel is retailing at Rs 91.04, knowledge accessible on Indian Oil Corporation’s web site confirmed. Petrol had hit the Rs 100/litre-mark for the primary time on Wednesday.
Prices of petrol and diesel fluctuate from state to state as taxes are levied on them by each central in addition to the state governments together with freight prices.
Rajasthan levies the very best value-added tax (VAT) on petrol within the nation, adopted by Madhya Pradesh. Madhya Pradesh levies 33 per cent plus Rs 4.5 a litre and 1 per cent cess on petrol. On diesel, it prices 23 per cent plus Rs 3 per litre and 1 per cent cess, information company PTI reported Thursday.
On Wednesday, Petroleum Minister Dharmendra Pradhan referred to as on oil-exporting nations to ease manufacturing cuts, which have been contributing to rising worldwide crude oil costs. Last week, he had advised Parliament that the federal government isn’t contemplating a discount in excise obligation to chill charges from their file highs.
The auto gasoline costs are revised each day in step with benchmark worldwide worth and international alternate charges.
The worth of India’s crude oil basket, which contains of Oman-Dubai bitter grade and dated Brent candy crude, rose 46 cents to $63.65 a barrel on Thursday, February 18, 2021, in response to the info launched by Petroleum Planning and Analysis Cell (PPAC) immediately.
In the worldwide markets, oil costs slid by as much as 2 per cent in early commerce on Friday, including to in a single day declines, on worries that refineries will take time to renew operations after the large freeze within the US South, creating a niche in demand, whereas OPEC+ provides have been anticipated to rise, information company Reuters reported earlier within the day.
US West Texas Intermediate (WTI) crude futures fell $1.14 (1.9 per cent) to $59.38 a barrel at 0421 GMT, after declining 1 per cent on Thursday. Brent crude futures dropped $1.03 (1.6 per cent) to $62.90 a barrel, after declining 0.6 per cent on Thursday. Both benchmark contracts rallied to 13-month highs on Thursday pushed by the historic freeze in US southern states, the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Friday, February 19, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
Sri Ganganagar
100.82
92.83
Anuppur
100.57
91.04
New Delhi
90.19
80.60
Mumbai
96.62
87.67
Kolkata
91.41
84.19
Chennai
92.25
85.63
Bengaluru
93.21
85.44
Hyderabad
93.78
87.91
Patna
92.54
85.84
Jaipur
96.69
89.04
Lucknow
88.56
80.98
Thiruvananthapuram
92.07
86.62
Source: Indian Oil Corporation