Petrol price inches closer to Rs 90 in Delhi; hits century-mark in Bhopal. Check revised rates
Business | February 16, 2021 9:57 ISTPetrol price in Delhi inched closer to Rs 90 per litre as the fuel price is seeing a continuous surge.
Petrol price in Delhi inched closer to Rs 90 per litre as the fuel price is seeing a continuous surge.
With skyrocketing fuel prices, the cost of petrol in Delhi is nearing Rs 90 per litre mark after an increase of Rs 0.26.
The finance minister presented the vote-on-account for an aggregate expenditure of Rs 60,784.03 crore for the first six months of the current fiscal.
Oil Minister Dharmendra Pradhan in Rajya Sabha said the government is not considering a reduction in excise duty to cool rates from their record highs.
Petrol and diesel prices on Tuesday climbed to fresh highs in the country as rates were hiked after a three-day hiatus.
Petrol and diesel prices on Saturday surged again in India and Bhopal witnessed hike in the rates of fuels with ₹93.59 per litre and Rs 83.85 per litre respectively.
Petrol in Delhi has touched all-time high and costs Rs 85.45 per litre while diesel is retailing at Rs 75.63 per litre, 25 paisa more than the previous price, as per data from Indian Oil Corporation website.
Across the country as well pump price of petrol and diesel increased on Wednesday but the quantum varied depending on the prevailing tax structure in each state.
Across the country as well the price of the two petroleum products increased at varied levels depending on the prevalent taxation structure.
Oil marketing companies continued to hold back any change in retail price of petrol and diesel continuing with their wait and watch stance that has kept the prices of two auto fuels static for past 12 days.
The oil marketing companies have hiked the fuel prices around Rs 2 and Rs 3.50 respectively, which have risen by a quarter since early November. Diesel is currently retailing at Rs 73.87 per litre in the capital, while petrol is retailing at Rs 83.71 per litre in Delhi.
Petrol and diesel prices rose for the sixth day in a row on Monday as rates went up by 26-30 paise per litre.
With the price revision, the retail price of both the auto fuels has also been increased across the country but the level of increase is different across the cities due to variable taxation structure pursued by the states.
Petrol, diesel prices have remained steady for about half of the current month as stable global oil prices have ensured that oil marketing companies did not revise retail fuel prices.
India's fuel demand is beginning to flatline after showing signs of returning to life, as consumption dipped 11.7 per cent in July, official data showed.
A verbal spat broke out between two groups of Congress workers on June 29.
Petrol and diesel prices at Rs 79.92/litre (increase by Rs 0.16) and Rs 80.02/litre (increase by Rs 0.14) respectively, in Delhi today.
Petrol price in Delhi was hiked to Rs 79.56 per litre from Rs 79.23 while diesel rates were increased to Rs 78.55 a litre from Rs 78.27, according to a price notification of state oil marketing companies.
Petrol price in Delhi was hiked to Rs 79.23 per litre from Rs 78.88, while diesel rates were increased to Rs 78.27 a litre from Rs 77.67, according to a price notification of state oil marketing companies.
Price of petrol and diesel has increased by Rs 5.88/litre and Rs 6.50/litre respectively since June 9, in the national capital.
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