Petrol, diesel prices hiked by 25-30 paise per litre in metros
IANS (File photo)

Petrol, diesel prices hiked by 25-30 paise per litre in metros

New Delhi, June 22, 2021

Oil marketing companies (OMCs) raised the prices of petrol and diesel by between 25 and 30 paise per litre in the metros on Tuesday.

With the rise, petrol prices have reached very close to hitting the century mark all across the country. They have already crossed Rs 100 per litre in some cities and towns of Maharashtra, Madhya Pradesh, Rajasthan, Telangana and Andhra Pradesh.

In Delhi, the price of petrol increased by 28 paise per litre to Rs 97.50 per litre and diesel by 26 paise per litre to Rs 88.23 per litre.

In the city of Mumbai, where petrol prices crossed the Rs 100 mark for the first time ever on May 29, the fuel price reached a new high of Rs 103.63 per litre on Tuesday. Diesel prices also increased in the city by 30 paise per litre to reach Rs 95.72 a litre, the highest among metros.

Across the country as well petrol and diesel prices increased on Tuesday but their retail prices varied depending on the level of local taxes in different states.

Petrol prices in three other metros apart from Mumbai have also reached closer to the Rs 100 per litre mark and OMC officials said that if international oil prices continued to firm up, this mark could be breached in other places by the month-end.

With Tuesday's price hike, fuel prices have now increased on 28 days and remained unchanged on 25 days since May 1. The increase has taken the petrol price up by Rs 7.11 per litre in Delhi. Similarly, diesel price has increased by Rs 7.50 per litre in the national capital.

With global crude prices also rising on a pick-up in demand and depleting inventories of the world's largest fuel guzzler -- the US, retail prices of fuel in India are expected to firm up further in coming days. The benchmark Brent crude reached multi-year high level of over $ 75 on ICE or the Intercontinental Exchange.

IANS

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