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Petrol touches record high on July 12, breaches Rs 107/litre in Mumbai; diesel slips

Petrol and diesel prices: Petrol price in Delhi stands at Rs 101.19 per litre while diesel is available for Rs 89.72. In Mumbai, petrol is retailing at Rs 107.20, while diesel costs Rs 97.29. Read below to find out fuel prices in your city.

By: Express Web Desk | New Delhi |
Updated: July 12, 2021 11:08:17 am
petrol price todayA worker fills petrol for two wheelers at a fuel station in Ahmedabad. (Express photo by Nirmal Harindran)

Petrol and diesel price today: After remaining unchanged for a day, petrol prices were hiked on Monday, July 12, 2021, touching a record high across the country, while diesel rates dipped marginally. In the national capital, the petrol price rose 28 paise while that of diesel slipped 16 paise.

Following the latest price revision, petrol in Delhi is now retailing at Rs 101.19 a litre while diesel is selling at Rs 89.72. In the financial capital Mumbai, petrol price now stands at Rs 107.20 while diesel costs Rs 97.29, data available on Indian Oil Corporation’s website showed.

This marks the seventh increase in petrol prices this month, while diesel on the other hand has declined for the first time after being hiked four times earlier in July. In June, both petrol and diesel prices were hiked 16 times which followed the 16 hikes during May. Prices have been on the rise since May 4 after oil marketing companies (OMCs) resumed their price revisions ending an 18-day hiatus that coincided with the assembly elections in five key states. During this period, petrol price has increased by Rs 10.79 per litre and diesel has climbed by Rs 8.99 in New Delhi.

On Saturday, the petrol was increased by 35 paise to Rs 100.91 per litre, while diesel climbed 26 paise to Rs 89.88 a litre.

Following the hikes since May 4, the price of petrol has crossed the Rs 100-per-litre mark in at least 17 states and union territories including Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Ladakh, Karnataka, Jammu and Kashmir (J&K), Odisha, Tamil Nadu, Bihar, Kerala, Punjab, Sikkim, Puducherry, Delhi and West Bengal.

Bhopal was the first state capital to have petrol hit the three-figure mark in May, followed by Jaipur and Mumbai. In June, Hyderabad and Bengaluru had also joined them followed by Patna and Thiruvananthapuram. Earlier this month, Chennai along with Delhi and Kolkata became the latest capital cities to hit the psychological landmark.

Petrol and diesel rates are at the highest in the country in Sri Ganganagar district of Rajasthan where petrol comes for Rs 112.53 a litre. Diesel here touched the three-figure mark in June and currently is retailing at Rs 102.98 per litre, the Indian Oil data showed. In Madhya Pradesh’s Anuppur district, petrol today is priced at Rs 112.11 a litre and diesel at Rs 100.89.

Auto fuel prices in the country differ from state to state depending on the local taxation (VAT) and freight charges. Apart from this, the central government charges an excise duty on auto fuels.

OMCs 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.

In the global market, crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled, news agency Reuters reported.

Brent crude for September fell 15 cents (0.2 per cent) to $75.40 a barrel by 0411 GMT while US West Texas Intermediate crude for August was at $74.44 a barrel, down 12 cents (0.2 per cent), the report said.

Here’s what you pay for a litre of petrol and diesel in your city on Monday, July 12, 2021:

City Petrol (Rs/litre) Diesel (Rs/litre)
New Delhi 101.19 89.72
Mumbai 107.20 97.29
Kolkata 101.35 92.81
Chennai 101.92 94.24
Bengaluru 104.58 95.09
Hyderabad 105.15 97.78
Patna 103.52 95.30
Bhopal 109.53 98.50
Jaipur 108.03 98.85
Lucknow 98.29 90.11
Thiruvananthapuram 103.17 96.30
Source: Indian Oil Corporation 


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