OMCs keep diesel, petrol prices unchanged on Monday
Across the country as well, the price of the fuel largely remained unchanged on Monday but the retail rates varied depending on the level of local taxes.
Across the country as well, the price of the fuel largely remained unchanged on Monday but the retail rates varied depending on the level of local taxes.
Prices of both auto fuels reduced only once in April by 16 and 14 paisa per litre, respectively. Diesel prices were also reduced by 16 paisa per litre in Delhi on July 12.
Premium petrol price had already crossed the Rs 100 per litre mark in several parts of the country through increase in the retail rates in the month of January and February.
Similarly, diesel prices also were unchanged in Delhi, Mumbai, Chennai and Kolkata at Rs 89.49, Rs 92.17, Rs 89.65 and Rs 87.74 per litre, respectively.
Diesel, on the other hand, was at Rs 87.96 in Mumbai, Rs 85.88 in Chennai and Rs 83.75 per litre in Kolkata.
The petrol and diesel prices have increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre respectively so far this year.
The surge in the retail prices comes despite a surge in crude oil prices. Brent crude futures are currently over $69 per barrel.
In the past 12 days, petrol prices have increased in the range of Rs 3.2 per litre (Kolkata) to Rs 3.63 a litre in Delhi.
This latest hike took the petrol prices in Chennai and Kolkata to Rs 88.82 and Rs 87.69 respectively.
This comes after international oil prices firmed up in hopes of demand returning from the rollout of coronavirus vaccines in different countries, including India.
