Petrol and diesel value at present: Prices of diesel have been reduce for the second consecutive day on Thursday, August 19, whereas petrol costs continued to stay regular. In the nationwide capital, diesel slipped 20 paise per litre.
The gas costs have been revised for the primary time in over a month on Wednesday when diesel costs have been reduce by 20 paise per litre in New Delhi. Petrol value, nonetheless, was final revised throughout the nation on July 17, when it rose by 30 paise within the nationwide capital and touched a contemporary file excessive.
Following the most recent value revision, petrol in Delhi is retailing at Rs 101.84 a litre whereas diesel is now promoting at Rs 89.47. In the monetary capital Mumbai, petrol value stands at Rs 107.83 whereas diesel now prices Rs 97.04, knowledge obtainable on Indian Oil Corporation’s web site confirmed.
This is the second successive reduce diesel costs thus far in August, whereas there hasn’t been any change in petrol costs. In July, petrol costs have been hiked 9 instances whereas diesel charges have been raised on 5 events and reduce on one event. In June, each the auto gas costs have been hiked on 16 events, which adopted the 16 hikes within the month of May after the oil advertising firms (OMCs) resumed their value revisions ending an 18-day hiatus that coincided with the meeting elections in key states. Since May 4, petrol value has elevated by Rs 11.44 per litre and diesel has climbed by Rs 8.74 in New Delhi.
Fuel costs in India 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.
OMCs revise charges of petrol and diesel each day based mostly on the typical value of benchmark gas within the worldwide market within the previous 15-days and international change charges.
In the worldwide market, crude oil costs fell for a sixth day of their longest dropping streak since February 2020, as a spike in COVID-19 instances worldwide fuelled fears of decrease gas demand whereas a shock construct in US gasoline inventories and a stronger greenback added to the stress, information company Reuters reported.
Brent crude was down $1.11 (1.6 per cent) at $67.12 a barrel at 0639 GMT, after touching the bottom since May 24 at $67.06 earlier within the session. US West Intermediate crude (WTI) fell $1.35 (2.1 per cent) to $64.11 a barrel after falling to as little as $64.02, additionally the bottom since May 24. WTI has dropped greater than 7 per cent whereas Brent has slumped greater than 6 per cent in the course of the six-day dropping streak, the longest since a six-day decline for each contracts that ended on February 28, 2020, the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Thursday, August 19, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
101.84
89.47
Mumbai
107.83
97.04
Kolkata
102.08
92.57
Chennai
99.47
94.02
Bengaluru
105.25
94.86
Hyderabad
105.83
97.53
Patna
104.25
95.16
Bhopal
110.20
98.26
Jaipur
108.71
98.60
Lucknow
98.92
89.81
Thiruvananthapuram
103.82
96.06
Source: Indian Oil Corporation
