Fuel costs hit contemporary document excessive on June 16; Petrol nears Rs 100/litre in Bengaluru

Petrol and diesel worth immediately: Prices of petrol and diesel have been hiked on Wednesday, June 16, 2021, after a niche of at some point, touching contemporary document highs throughout the nation. In the nationwide capital, the petrol worth rose 25 paise whereas that of diesel inched up 13 paise.
Following the newest worth revision, petrol in Delhi is now retailing at Rs 96.66 a litre whereas diesel is promoting at Rs 87.41. In the monetary capital Mumbai, petrol worth now stands at Rs 102.82 whereas diesel prices Rs 94.84, information obtainable on Indian Oil Corporation’s web site confirmed.
This marks the ninth worth rise within the auto gas costs to this point within the month of June that follows 16 hikes in May. Prices have been on the rise because the previous month (May 4) after oil advertising and marketing corporations (OMCs) resumed their worth revisions ending an 18-day hiatus that coincided with the meeting elections in key states.
Following the current hikes since May 4, the value of petrol has crossed the Rs 100-per-litre mark in seven states and union territories together with Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Ladakh and Karnataka.

Last month, Bhopal turned the primary state capital to have petrol hit the three-figure mark adopted by Jaipur and Mumbai. Monday, Hyderabad joined this listing and now Bengaluru is inches away from hitting this psychological landmark with petrol right here retailing at Rs 99.89.
Petrol and diesel charges are on the highest within the nation in Sri Ganganagar district of Rajasthan the place petrol comes for Rs 107.79 a litre. Diesel right here touched the three-figure mark on Saturday and at the moment is retailing at Rs 100.51 per litre, the Indian Oil information confirmed. In Madhya Pradesh’s Anuppur district, petrol immediately is priced at Rs 107.43 a litre and diesel at Rs 98.43.
In India, the gas costs differ from state to state relying on the native taxation (VAT) and freight expenses. Apart from this, the central authorities expenses 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.

OMCs revise charges of petrol and diesel day by day primarily based on the common worth of benchmark gas within the worldwide market within the previous 15-days, and overseas trade charges.
In the worldwide market, oil costs rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a restoration in demand inspired traders, Reuters reported earlier within the day.
Brent crude was up 69 cents (0.9 per cent) at $74.68 a barrel by 0200 GMT, having risen 1.6 per cent on Tuesday. US crude gained 66 cents (0.9 per cent0 to $72.78 a barrel, after rising 1.7 per cent within the earlier session, the report stated.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Wednesday, June 16, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
96.66
87.41
Mumbai
102.82
94.84
Kolkata
96.58
90.25
Chennai
97.91
92.04
Bengaluru
99.89
92.66
Hyderabad
100.46
95.28
Patna
98.73
92.72
Bhopal
104.85
96.05
Jaipur
103.29
96.38
Lucknow
93.88
87.81
Thiruvananthapuram
98.64
93.87
Source: Indian Oil Corporation