Petrol and diesel worth right this moment: Petrol and diesel costs had been hiked for the second consecutive day this week, touching contemporary report highs throughout the nation on Tuesday, May 11, 2021. In the nationwide capital, the petrol worth rose by 27 paise whereas that of diesel inched up 30 paise.
The gasoline costs had been hiked for 4 straight days final week which erased all of the discount in gasoline charges that got here through the 4 revisions between March 24 and April 15, after this, the retail charges had been regular through the weekend (Saturday-Sunday) earlier than rising once more from Monday.
The costs of petrol and diesel had been on a bull run through the January-February interval and had earlier peaked at their earlier report highs on February 27, after which the oil advertising and marketing firms (OMCs) went on a 24-day hiatus earlier than chopping costs on March 24-25 after which on March 30. Thereafter, they once more froze every day worth revision for 15 days and decreased costs on April 15, after which costs remained regular for a interval of 18 days till rising on May 4.
Following the most recent worth revision, petrol in Delhi is now retailing at Rs 91.80 a litre whereas diesel is promoting at Rs 82.36. In the monetary capital Mumbai, petrol worth now stands at Rs 98.12 whereas diesel prices Rs 89.48, information obtainable on Indian Oil Corporation’s web site confirmed.
The worth of petrol had breached the Rs 100-mark in two locations in Rajasthan and Madhya Pradesh through the month of February, which levy the very best VAT on the gasoline within the nation. In these two locations, the important thing auto gasoline rose to Rs 102.70 in Rajasthan’s Sri Ganganagar, whereas diesel right here is out there at Rs 95.06 per litre. In Madhya Pradesh’s Anuppur, petrol now prices Rs 102.40 per litre and diesel is promoting for Rs 93.06. Petrol costs additionally breached the Rs 100-mark in Maharashtra for the primary time on Monday when the Parbhani district joined this league. Petrol right here presently prices Rs 100.50 a litre whereas diesel is retailing at Rs 90.41.
Petrol and diesel costs differ from state to state relying on the native taxation (VAT) and freight costs.
The central and state taxes make up for 60 per cent of the retail promoting worth of petrol and over 54 per cent of diesel. Centre levies Rs 32.90 per litre of excise obligation on petrol and Rs 31.80 a litre on diesel.
Petrol and diesel costs are usually revised each day according to benchmark worldwide crude costs and international alternate charges.
In the worldwide market, oil costs fell on Tuesday because the prospect of the primary US East Coast gasoline pipeline remaining shut for the remainder of this week led some US Gulf Coast refiners to chop output, denting their urge for food for crude, information company Reuters reported earlier within the day.
US West Texas Intermediate (WTI) crude futures fell 40 cents (0.6 per cent) to $64.52 a barrel at 0247 GMT, after gaining 2 cents on Monday. Brent crude futures dropped 45 cents (0.7 per cent) to $67.87 a barrel, after climbing 4 cents on Monday, the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Friday, May 11, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
Sri Ganganagar
102.70
95.06
Anuppur
102.40
93.06
Parbhani
100.50
90.41
New Delhi
91.80
82.36
Mumbai
98.12
89.48
Kolkata
91.92
85.20
Chennai
93.62
87.25
Bengaluru
94.85
87.31
Hyderabad
95.41
89.79
Patna
94.04
87.58
Jaipur
98.20
90.93
Lucknow
89.77
82.74
Thiruvananthapuram
93.78
88.56
Source: Indian Oil Corporation