Fuel costs at contemporary file highs; Petrol nears Rs 100/litre in Hyderabad and Bengaluru

Petrol and diesel worth at present: Petrol and diesel costs have been hiked once more for the second consecutive day on Monday, June 7, 2021, touching contemporary file highs throughout the nation. In the nationwide capital, the petrol worth rose by 28 paise whereas that of diesel too inched up 27 paise.
Following the newest worth revision, petrol in Delhi is now retailing at Rs 95.31 a litre whereas diesel is promoting at Rs 86.22. In the monetary capital Mumbai, petrol worth now stands at Rs 101.52 whereas diesel prices Rs 93.58, knowledge accessible with Indian Oil Corporation confirmed.
Fuel costs have been on the rise for the reason that previous month (May 4) after oil advertising corporations (OMCs) resumed their worth revisions ending an 18-day hiatus that coincided with the meeting elections in key states. The costs have been hiked 16 occasions in May and 4 occasions to this point in June. During this era, petrol worth has elevated by Rs 4.91 per litre and diesel has climbed by Rs 5.49 in New Delhi.

Following the latest hikes since May 4, the value of petrol has crossed the Rs 100-per-litre mark in six states and union territories – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh.
Bhopal turned the primary state capital final month to have petrol hit the three-figure mark adopted by Jaipur and Mumbai. Now, Hyderabad and Bengaluru are inching in direction of the psychological landmark.
Fuel costs within the nation differ from state to state relying on the native taxation (VAT) and freight prices. Apart from this, the central authorities prices an excise obligation 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 obligation on petrol and Rs 31.80 a litre on diesel.
OMCs revise charges of petrol and diesel day by day primarily based on the common worth of benchmark gasoline within the worldwide market within the previous 15-days, and international change charges.
In the worldwide market, crude oil pulled again after hitting contemporary multi-year highs on Monday, as traders awaited the result of this week’s talks between Iran and world powers over a nuclear deal that’s anticipated to spice up crude provides, information company Reuters reported earlier within the day.
Brent crude futures for August fell 66 cents (0.9 per cent) to $71.23 a barrel by 0645 GMT, after earlier hitting $72.27, their highest since May 2019. US West Texas Intermediate crude for July touched $70 for the primary time since October 2018 however reversed course to be at $69.10 a barrel, down 52 cents (0.8 per cent), the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Monday, June 7, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
95.31
86.22
Mumbai
101.52
93.58
Kolkata
95.28
89.07
Chennai
96.71
90.92
Bengaluru
98.49
91.41
Hyderabad
99.06
93.99
Patna
96.90
90.94
Bhopal
103.45
94.79
Jaipur
101.88
95.10
Lucknow
92.56
86.62
Thiruvananthapuram
97.29
92.63
Source: Indian Oil Corporation