Petrol and diesel worth at present: After rising 16 occasions throughout the month of May, costs of petrol and diesel have been hiked but once more on Tuesday, June 1, 2021, touching contemporary document highs throughout the nation. In the nationwide capital, the petrol worth rose by 26 paise whereas that of diesel too inched up 23 paise.
Following the most recent worth revision, petrol in Delhi is now retailing at Rs 94.49 a litre whereas diesel is promoting at Rs 85.38. In the monetary capital Mumbai, petrol worth now stands at Rs 100.72 whereas diesel prices Rs 92.69, knowledge accessible on Indian Oil Corporation’s web site confirmed.
This is the second consecutive rise in as many days and the primary hike in auto gasoline costs within the month of June. Prior to this, the costs have been hiked 16 occasions in May 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. Ever since, the worth revisions resumed on May 4, petrol worth has elevated by Rs 4.09 per litre and diesel has climbed by Rs 4.65 in New Delhi.
With the latest hikes throughout May, petrol charges crossed the Rs 100-mark in a number of cities in Rajasthan, Madhya Pradesh and Maharashtra. Bhopal grew to become the primary state capital to have petrol hit the three-figure mark adopted by Jaipur and Mumbai.
Petrol worth had breached the Rs 100-mark for the primary time in February this yr in two districts in Rajasthan and Madhya Pradesh, which levy the very best VAT on the gasoline within the nation. In these two locations, the important thing auto gasoline rose to Rs 105.52 in Rajasthan’s Sri Ganganagar, whereas diesel right here is slowly inching in direction of the three-figure mark and is presently accessible at Rs 98.32 per litre. In Madhya Pradesh’s Anuppur, petrol now prices Rs 105.18 per litre and diesel is promoting for Rs 96.28.
Fuel costs within the nation 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 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.
Petrol and diesel costs typically get revised every day in keeping with benchmark worldwide worth and international change charges.
In the worldwide market, crude oil costs rose on Tuesday, with Brent topping $70, as optimism grew over the gasoline demand outlook throughout the summer time driving season of the United States, the world’s high oil client. Prices have been additionally boosted after knowledge from China confirmed that manufacturing facility exercise expanded at its quickest this yr in May, information company Reuters reported earlier within the day.
Brent crude futures for August gained 86 cents(1.2 per cent) to $70.18 a barrel by 0504 GMT. US West Texas Intermediate crude for July was at $67.61 a barrel, up $1.29 (practically 2 per cent) from Friday’s shut, with no settlement worth for Monday as a consequence of a US public vacation, the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Tuesday, June 1, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
94.49
85.38
Mumbai
100.72
92.69
Kolkata
94.50
88.23
Chennai
95.99
90.12
Bengaluru
97.64
90.51
Hyderabad
98.20
93.08
Patna
96.64
90.66
Bhopal
102.61
93.89
Jaipur
101.02
94.19
Lucknow
91.83
85.77
Thiruvananthapuram
96.47
91.74
Source: Indian Oil Corporation