New Delhi: Petrol and diesel prices touched new highs across the metros on Tuesday, February 9 after oil marketing companies increased the rates by 35 paise after a 3-day lull.
The price of petrol was hiked by 35 paise from Rs 86.95 per litre to Rs 87.30 per litre, and diesel rate was increased by a similar amount from Rs 77.13 per litre to Rs 77.48 per litre in Delhi, according to Indian Oil Corporation, the country’s largest fuel retailer.
Meanwhile, in Mumbai, the revised petrol and diesel rates stood at Rs 93.83 per litre Rs 84.36 per litre respectively, the highest among all four metros.
Here are the current prices of petrol and diesel (in rupees per litre):
Delhi: Petrol (Rs 87.30) Diesel (Rs 77.48) Mumbai: Petrol (Rs 93.83) Diesel (Rs 84.36) Chennai: Petrol (Rs 89.70) Diesel (Rs 82.66) Kolkata: Petrol (Rs 88.63) Diesel (Rs 81.06) Source: Indian Oil
Petrol and diesel prices have recorded an upswing since January 6, 2021, after staying unchanged for almost a month. The fuel rates have increased amid a rally in global crude oil prices, with COVID-19 vaccination drives beginning across the world. Oil marketing companies – Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum align the prices of domestic fuel with the global benchmarks, by taking into account any changes in t fuel prices are implemented with effect from 6 am every day.
Meanwhile, oil prices edged up on Tuesday to their highest in 13 months as supply cuts by major producers and optimism over fuel demand energy markets. Brent crude futures for April gained 29 cents, or 0.5 per cent, to $60.85 a barrel by 0246 GMT. U.S. West Texas Intermediate crude (WTI) for March was at $58.25 a barrel, up 28 cents, or 0.5 per cent.