Petrol, Diesel Prices Touch New All-Time Highs; Petrol Nears Rs 89 Mark In Delhi On Monday Check Latest Rates Here

HamaraTimes.com | Petrol, Diesel Prices Touch New All-Time Highs; Petrol Nears Rs 89 Mark In Delhi On Monday Check Latest Rates Here

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Petrol, Diesel Prices Touch New All-Time Highs; Petrol Nears Rs 89 In Delhi

Domestic petrol and diesel prices vary from state to state due to value added tax (VAT).

Petrol, Diesel Prices Today: Petrol and diesel prices touched fresh all-time┬аhighs across the four metros on Monday, February 15,┬аafter oil marketing companies increased the rates by around┬а30 paise for the seventh straight day. In Delhi, the price of petrol was hiked by 26 paise from Rs 88.73 to Rs 88.99┬аper litre, and diesel┬аwas increased by 29 paise from Rs 79.06 per litre to Rs┬а 79.35 per litre, according to Indian Oil Corporation, the country’s largest fuel retailer. Meanwhile, in Mumbai, the revised petrol and diesel rates┬аstood at Rs 95.46 per litre and Rs 86.34 per litre respectively. Currently, the fuel rates are the highest in Mumbai┬аout of┬аall the four metros. (Also Read:┬аHow To Check Latest Petrol And Diesel Rates In Your City)

Here are the current prices of petrol and diesel (in rupees per litre):

City Petrol Diesel
Delhi 88.99 79.35
Mumbai 95.46 86.34
Chennai 91.19 84.44
Kolkata 90.25 82.94
Source: Indian Oil

Petrol and diesel prices┬аhave┬аrecorded┬аan upswing┬аsince January 6, 2021, after staying unchanged┬аfor almost a month. The fuel prices┬аhave increased amid a┬аrally in global crude oil prices, with Covid-19 vaccination drives continuing┬аacross the world.┬а

Oil marketing companies ┬а– Bharat Petroleum, Indian Oil Corporation,┬аas well as┬аHindustan Petroleum align the rates of domestic fuel┬аwith the global benchmarks, by taking into account any alterations┬аin the foreign exchange rates. Any changes in fuel prices are implemented┬аwith effect from 6 am every day.

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Meanwhile, oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group, raising fears of fresh Middle East tensions.

Brent crude was up 66 cents, or 1.1 per cent, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020.

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