Fuel costs contact recent document highs; Petrol breaches Rs 100/litre for the primary time in Bhopal

Petrol and diesel worth right this moment: Petrol and diesel costs had been hiked for the third straight day this week, touching recent document highs throughout the nation on Wednesday, May 12, 2021. In the nationwide capital, the petrol worth rose by 25 paise whereas that of diesel too inched up 25 paise.
This is the seventh hike in gas costs this month. The costs had been hiked for 4 straight days final week which erased all of the discount in auto gas charges that got here in the course of the 4 revisions between March 24 and April 15, after this, the retail charges had been regular in the course of the weekend (Saturday-Sunday) earlier than resuming their upward journey from Monday.
So far this month, petrol worth has elevated by Rs 1.65 per litre and diesel has climbed by Rs 1.88 in New Delhi.

The costs of petrol and diesel had been on a bull run in the course of the January-February interval and had earlier peaked at their earlier document highs on February 27, after which the oil advertising firms (OMCs) went on a 24-day hiatus earlier than slicing costs on March 24-25 after which on March 30. Thereafter, they once more froze each day worth revision for 15 days and lowered 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 92.05 a litre whereas diesel is promoting at Rs 82.61. In the monetary capital Mumbai, petrol worth now stands at Rs 98.36 whereas diesel prices Rs 89.75, knowledge obtainable on Indian Oil Corporation’s web site confirmed.
Among different main capital cities, petrol breached the Rs 100-mark for the primary time ever right this moment changing into the primary state capital to have petrol hit the three-figure mark. Petrol in Madhya Pradesh’s capital right this moment prices Rs 100.08 whereas diesel is priced at 90.95.

The worth of petrol had breached the Rs 100-mark in two locations in Rajasthan and Madhya Pradesh in the course of the month of February, which levy the very best VAT on the gas within the nation. In these two locations, the important thing auto gas rose to Rs 102.96 in Rajasthan’s Sri Ganganagar, whereas diesel right here is obtainable at Rs 95.33 per litre. In Madhya Pradesh’s Anuppur, petrol now prices Rs 102.66 per litre and diesel is promoting for Rs 93.33. Petrol costs additionally breached the Rs 100-mark in Maharashtra for the primary time earlier this week when the Parbhani district joined this league. Petrol right here at the moment prices Rs 100.74 a litre whereas diesel is retailing at Rs 90.67.
With the current rise in gas costs, petrol has additionally breached the Rs 100 per litre mark in a number of extra locations in Maharashtra, Madhya Pradesh and Rajasthan.
Petrol and diesel costs differ from state to state relying on the native taxation (VAT) and freight fees. Apart from this, the central authorities fees 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.
Generally, petrol and diesel costs are revised every day in keeping with benchmark worldwide crude costs and overseas change charges.
In the worldwide market, oil costs rose on Wednesday, extending in a single day good points, after trade knowledge confirmed a drop in US crude inventories, which strengthened OPEC’s strong demand outlook, and because the shutdown of the most important US gas pipeline headed right into a sixth day, information company Reuters reported earlier right this moment.
US West Texas Intermediate (WTI) crude futures rose 21 cents (0.3 per cent) to $65.49 a barrel at 0013 GMT, including to a 36 cent rise on Tuesday. Brent crude futures climbed 15 cents (0.2 per cent) to $68.70 a barrel, including to a 23 cent achieve on Tuesday, the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Wednesday, May 12, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
Sri Ganganagar
102.96
95.33
Anuppur
102.66
93.33
Parbhani
100.74
90.67
New Delhi
92.05
82.61
Mumbai
98.36
89.75
Kolkata
92.16
85.45
Chennai
93.84
87.49
Bengaluru
95.11
87.57
Hyderabad
95.67
90.06
Patna
94.28
87.84
Bhopal
100.08
90.95
Jaipur
98.47
91.20
Lucknow
89.96
82.99
Thiruvananthapuram
94.03
88.83
Source: Indian Oil Corporation