Petrol and diesel costs rise for the second straight day: Here’s what you pay in your metropolis
Petrol and diesel worth right now: Petrol and diesel costs rose for the second consecutive day throughout the nation on Wednesday, May 5, 2021. In the nationwide capital, the petrol worth gained 19 paise whereas that of diesel climbed 21 paise.
This is the second straight revision in gas costs this month. Prior to this, petrol and diesel costs have been unchanged for 18 days with the earlier revision going down on April 15, 2021.
Following the newest worth revision, petrol in Delhi is now retailing at Rs 90.74 a litre whereas diesel is promoting at Rs 81.12. In the monetary capital Mumbai, petrol worth now stands at Rs 97.12 whereas diesel prices Rs 88.19, knowledge out there on Indian Oil Corporation’s web site confirmed.
In February, the value of petrol had breached the Rs 100-mark in two locations in Rajasthan and Madhya Pradesh, which levy the very best VAT on the gas within the nation. In these two cities, the important thing auto gas rose to Rs 101.61 in Rajasthan’s Sri Ganganagar, whereas diesel right here was out there at Rs 93.74 per litre. In Madhya Pradesh’s Anuppur, petrol now prices Rs 101.33 per litre and diesel is promoting for Rs 91.76.
Petrol and diesel costs differ from state to state as taxes get levied on them by each central in addition to state governments together with the freight fees.
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.
The gas costs are usually revised every day in keeping with benchmark worldwide crude costs and overseas change charges.
In the worldwide market, oil costs rose on Wednesday, extending features from the earlier session after trade knowledge indicated US crude shares fell rather more than anticipated final week, reinforcing bullish views on gas demand on the earth’s largest financial system, information company Reuters reported earlier within the day.
US West Texas Intermediate (WTI) crude futures rose 48 cents (0.7 per cent) to $66.17 a barrel at 0440 GMT, after climbing to $66.58, a stage not seen since March 8. Brent crude futures have been up 49 cents (0.7 per cent) at $69.37 barrel after touching a greater than seven-week excessive of $69.78 earlier within the session. Both benchmark contracts rose almost 2 per cent on Tuesday forward of knowledge from the American Petroleum Institute (API) trade group, the report stated.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Wednesday, May 5, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
Sri Ganganagar
101.61
93.74
Anuppur
101.33
91.76
New Delhi
90.74
81.12
Mumbai
97.12
88.19
Kolkata
90.92
83.98
Chennai
92.70
86.09
Bengaluru
93.77
86.01
Hyderabad
94.34
88.46
Patna
93.03
86.33
Jaipur
97.12
89.61
Lucknow
88.97
81.51
Thiruvananthapuram
92.74
87.27
Source: Indian Oil Corporation
