Fuel costs hit contemporary report excessive; Petrol nears Rs 100/litre in Chennai

Petrol and diesel worth immediately: Petrol and diesel costs had been hiked on Tuesday, June 29, 2021, after a niche of someday, touching contemporary report highs throughout the nation. In the nationwide capital, the petrol worth rose 35 paise whereas that of diesel inched up 28 paise.
Following the most recent worth revision, petrol in Delhi is now retailing at Rs 98.81 a litre whereas diesel is promoting at Rs 89.18. In the monetary capital Mumbai, petrol worth now stands at Rs 104.90 whereas diesel prices Rs 96.72, knowledge out there on Indian Oil Corporation’s web site confirmed.
This marks the sixteenth worth rise within the auto gasoline costs up to now within the month of June that follows 16 hikes in May. Prices have been on the rise since May 4 after oil advertising and marketing firms (OMCs) resumed their worth revisions ending an 18-day hiatus that coincided with the meeting elections in key states. During this era, petrol worth has elevated by Rs 8.41 per litre and diesel has climbed by Rs 8.45 in New Delhi.
Following the latest hikes in May and June, the value of petrol has crossed the Rs 100-per-litre mark in a number of states and union territories together with Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Ladakh, Karnataka, Jammu and Kashmir (J&Ok), Odisha, Tamil Nadu, Bihar and Kerala.
Last month, Bhopal turned the primary state capital to have petrol hit the three-figure mark adopted by Jaipur and Mumbai. Earlier this month, Hyderabad and Bengaluru had additionally joined this checklist adopted by Patna and Thiruvananthapuram. Now, Chennai inching in direction of this psychological landmark with petrol retailing at Rs 99.80.
Petrol and diesel charges are on the highest within the nation in Sri Ganganagar district of Rajasthan the place petrol comes for Rs 110.04 a litre. Diesel right here touched the three-figure mark earlier this month and at the moment is retailing at Rs 102.42 per litre, the Indian Oil knowledge confirmed. In Madhya Pradesh’s Anuppur district, petrol immediately is priced at Rs 109.65 a litre and diesel at Rs 100.32.
In India, the gasoline costs differ from state to state relying on the native taxation (VAT) and freight costs. Apart from this, the central authorities costs an excise obligation on auto fuels.
The OMCs revise charges of petrol and diesel day by day based mostly on the typical worth of benchmark gasoline within the worldwide market within the previous 15-days, and international alternate charges.
In the worldwide market, crude oil costs slipped for a second day on Tuesday on worries about slower gasoline demand progress as outbreaks of the extremely contagious COVID-19 variant Delta sparked new mobility restrictions all over the world, information company Reuters reported earlier within the day.
US West Texas Intermediate (WTI) crude futures fell 14 cents (0.2 per cent) to $72.77 a barrel at 0045 GMT, extending a 1.5 per cent loss on Monday. Brent crude futures dipped 10 cents (0.1 per cent0 to $74.58 a barrel, after sliding 2 per cent on Monday, the report stated.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Tuesday, June 29, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
98.81
89.18
Mumbai
104.90
96.72
Kolkata
98.64
92.03
Chennai
99.80
93.72
Bengaluru
102.11
94.54
Hyderabad
102.69
97.20
Patna
100.81
94.52
Bhopal
107.07
97.93
Jaipur
105.54
98.29
Lucknow
95.97
89.59
Thiruvananthapuram
100.79
95.74
Source: Indian Oil Corporation