Petrol and diesel worth at present: After being regular for a day, costs of petrol and diesel have been hiked once more on Friday, May 14, 2021, touching contemporary report highs throughout the nation. In the nationwide capital, the petrol worth rose by 29 paise whereas that of diesel too inched up 34 paise.
This is the eighth hike in gasoline costs this month. The costs have been hiked for 4 consecutive days final week which erased all of the discount in auto gasoline charges that got here throughout the 4 revisions between March 24 and April 15, after this, the retail charges have been regular throughout the weekend (Saturday-Sunday) and rose once more from Monday to Wednesday earlier than hitting a pause on Thursday.
So far this month, petrol worth has elevated by Rs 1.94 per litre and diesel has climbed by Rs 2.22 in New Delhi.
The costs of petrol and diesel have been on a bull run throughout the January-February interval and had earlier peaked at their earlier report highs on February 27, after which the oil advertising firms (OMCs) went on a 24-day hiatus earlier than reducing costs on March 24-25 after which on March 30. Thereafter, they once more froze day by day worth revision for 15 days and diminished 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 92.34 a litre whereas diesel is promoting at Rs 82.95. In the monetary capital Mumbai, petrol worth now stands at Rs 98.65 whereas diesel prices Rs 90.11, knowledge out there on Indian Oil Corporation’s web site confirmed.
In February, petrol worth had breached the Rs 100-mark in two locations in Rajasthan and Madhya Pradesh throughout the month of February, which levy the best VAT on the gasoline within the nation. In these two locations, the important thing auto gasoline rose to Rs 103.27 in Rajasthan’s Sri Ganganagar, whereas diesel right here is offered at Rs 95.70 per litre. In Madhya Pradesh’s Anuppur, petrol now prices Rs 102.96 per litre and diesel is promoting for Rs 93.69.
With the latest hikes this month, petrol charges have already crossed the Rs 100-mark in a number of cities in Rajasthan, Madhya Pradesh and Maharashtra. Earlier this week Bhopal turned the primary state capital to have petrol hit the three-figure mark and now Mumbai too seems to be headed to that stage.
In India, gasoline costs differ from state to state relying on the native taxation (VAT) and freight fees. Apart from this, the central authorities fees an excise responsibility on auto fuels.
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 responsibility on petrol and Rs 31.80 a litre on diesel.
Petrol and diesel costs typically get revised every day consistent with benchmark worldwide worth and international alternate charges.
In the worldwide market, oil costs fell on Friday after dropping about 3 per cent a day earlier as coronavirus instances remained excessive in main oil client India and as a key gasoline pipeline within the United States resumed operations after being shut because of a cyber assault, information company Reuters reported.
Brent crude oil futures have been down 10 cents (0.2 per cent) at $66.95 a barrel by 0518 GMT, whereas West Texas Intermediate (WTI) was down three cents (0.1 per cent) at $63.79 a barrel. Both costs are heading for his or her first weekly loss in three weeks, the report stated.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Friday, May 14, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
Sri Ganganagar
103.27
95.70
Anuppur
102.96
93.69
New Delhi
92.34
82.95
Mumbai
98.65
90.11
Kolkata
92.44
85.79
Chennai
94.09
87.81
Bengaluru
95.41
87.94
Hyderabad
95.97
90.43
Patna
94.56
88.18
Bhopal
100.38
91.31
Jaipur
98.77
91.57
Lucknow
90.18
83.33
Thiruvananthapuram
94.32
89.18
Source: Indian Oil Corporation