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Fuel prices hit fresh record high on June 16; Petrol nears Rs 100/litre in Bengaluru

Petrol and diesel prices: The price of petrol in Delhi currently stands at Rs 96.66 per litre while diesel is now selling at Rs 87.41. In Mumbai, petrol costs Rs 102.82, while diesel is retailing at Rs 94.84. In Bengaluru, petrol neared the Rs 100-mark and stands at Rs 99.89. Read below to find out fuel prices in your city.

By: Express Web Desk | New Delhi |
Updated: June 16, 2021 10:08:05 am
petrol price, diesel price, petrol diesel priceA worker fills petrol for two wheelers at a fuel station in Ahmedabad. (Express photo by Nirmal Harindran)

Petrol and diesel price today: Prices of petrol and diesel were hiked on Wednesday, June 16, 2021, after a gap of one day, touching fresh record highs across the country. In the national capital, the petrol price rose 25 paise while that of diesel inched up 13 paise.

Following the latest price revision, petrol in Delhi is now retailing at Rs 96.66 a litre while diesel is selling at Rs 87.41. In the financial capital Mumbai, petrol price now stands at Rs 102.82 while diesel costs Rs 94.84, data available on Indian Oil Corporation’s website showed.

This marks the ninth price rise in the auto fuel prices so far in the month of June that follows 16 hikes in May. Prices have been on the rise since the past month (May 4) after oil marketing companies (OMCs) resumed their price revisions ending an 18-day hiatus that coincided with the assembly elections in key states.

Following the recent hikes since May 4, the price of petrol has crossed the Rs 100-per-litre mark in seven states and union territories including Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Ladakh and Karnataka.

Last month, Bhopal became the first state capital to have petrol hit the three-figure mark followed by Jaipur and Mumbai. Monday, Hyderabad joined this list and now Bengaluru is inches away from hitting this psychological landmark with petrol here retailing at Rs 99.89.

Petrol and diesel rates are at the highest in the country in Sri Ganganagar district of Rajasthan where petrol comes for Rs 107.79 a litre. Diesel here touched the three-figure mark on Saturday and currently is retailing at Rs 100.51 per litre, the Indian Oil data showed. In Madhya Pradesh’s Anuppur district, petrol today is priced at Rs 107.43 a litre and diesel at Rs 98.43.

In India, the fuel prices 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.

The central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. Centre levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 a litre on diesel.

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 international market, oil prices rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand encouraged investors, Reuters reported earlier in the day.

Brent crude was up 69 cents (0.9 per cent) at $74.68 a barrel by 0200 GMT, having risen 1.6 per cent on Tuesday. US crude gained 66 cents (0.9 per cent0 to $72.78 a barrel, after rising 1.7 per cent in the previous session, the report said.

Here’s what you pay for a litre of petrol and diesel in your city on Wednesday, June 16, 2021:

City Petrol (Rs/litre) Diesel (Rs/litre)
New Delhi 96.66 87.41
Mumbai 102.82 94.84
Kolkata 96.58 90.25
Chennai 97.91 92.04
Bengaluru 99.89 92.66
Hyderabad 100.46 95.28
Patna 98.73 92.72
Bhopal 104.85 96.05
Jaipur 103.29 96.38
Lucknow 93.88 87.81
Thiruvananthapuram 98.64 93.87
Source: Indian Oil Corporation 

 

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