Petrol prices hiked in Delhi by 25 paise while diesel went up by 30 paise in the national capital as fuel prices hit a record high across the country.
Fuel prices started to increase in the last week of September after a brief hiatus across the country
Petrol and diesel prices in India hit a new record as prices were revised today across the country. The price of petrol was hiked to Rs 101.89, an increment of 25 paise from yesterday’s ₹ 101.64 per litre in Delhi. Meanwhile, petrol prices in Mumbai stood at ₹ 107.95 per litre, according to the price notification shared by the Indian Oil Corporation. Diesel prices stood at ₹ 90.17 per litre in Delhi, a hike of 30 paise. In Mumbai, diesel retails from ₹ 97.84 onwards. Fuel rates vary across the states due to value-added tax (VAT).
|City (As of October 1, 2021)||Petrol||Diesel|
|Mumbai||₹ 107.95||₹ 97.84|
|Delhi||₹ 101.89||₹ 90.17|
|Kolkata||₹ 102.47||₹ 93.27|
|Chennai||₹ 99.58||₹ 94.74|
|Bengaluru||₹ 105.44||₹ 95.70|
People Kolkata now have to shell out ₹ 102.47 per litre for petrol and ₹ 93.27 per litre for diesel. In Chennai, petrol prices stand at ₹ 99.58 per litre, while diesel is priced at ₹ 94.74 per litre.
This is the third price increase in petrol and the sixth hike for diesel since the end of a three-week-long hiatus in rate revision. In the five price hikes since September 24, 2021, diesel rates have gone up by ₹ 1.25 per litre, compensating in a way to the price reduction that happened between July 18 and September 5 this year. Prior to July, prices for petrol had already increased by ₹ 11.44 per litre, while diesel went up by ₹ 9.14 between May and July 2021.
One of the reasons for the latest hike has been the international oil prices that are at a three-year high with global benchmark Brent trading at $78.64 per barrel. The increment in global rates have led state-owned IOC, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) to resume price revisions on a daily basis. Fuel rates are revised every day at 6 am.