After 19 Days Diesel Price Hiked, Petrol Price Remain Steady- Here Are The New Prices

NEW DELHI: Prices of diesel were hiked for the first time in 19 days on Friday, while petrol prices continued to remain steady. Diesel price, which had softened to 88.62 per litre three weeks ago after climbing to record 89.87 a litre in mid-July, has been priced at 88.82 on Friday in Delhi. Pump prices of petrol in the national capital, however, remained unchanged at 101.19 since September 5.

As international oil prices dropped below $70 a barrel in mid-August, fuel retailers had reduced diesel rates by 20 paise per litre on August 18 after an all-time high for 34 days. Petrol prices were also reduced by 20 paise a litre on August 22, after it maintained a record of 101.84 per litre in Delhi for 36 days.

International oil rates, which are often volatile, directly influence pump prices of petrol and diesel in India. Heavy loads of central and state taxes are also responsible for astronomically high rates of auto fuels.

The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil Corporation Limited (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) on a daily basis and any revision is implemented from 6 am in the morning.
Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
Here’s what you pay for a litre of petrol and diesel in your city on Friday, September 24, 2021:
City Petrol (Rs/litre) Diesel (Rs/litre)
New Delhi 101.19 88.82
Mumbai 107.26 96.41
Kolkata 101.62 91.92
Chennai 98.96 93.46
Bengaluru 104.70 94.27
Hyderabad 105.26 96.92
Patna 103.79 94.80
Bhopal 109.63 97.65
Jaipur 108.13 97.99
Lucknow 98.30 89.23
Thiruvananthapuram 103.42 95.61
Source: Indian Oil Corporation 

 

India imports more than 80 per cent crude oil it processes and pays in dollars. In Delhi, central levies account for over 32.5 per cent of petrol’s price, and state taxes (VAT) 23.07 per cent. On diesel, the central excise is over 35.8 per cent while VAT is more than 14.6 per cent.

(With Inputs From Agencies)

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