Home Economy Diesel, Petrol prices unchanged after 5 consecutive day hike– Check fuel prices...

Diesel, Petrol prices unchanged after 5 consecutive day hike– Check fuel prices in metro cities on November 25, 2020

29
0


New Delhi: Fuel costs had been unchanged on Wednesday after 5 consecutive day hike by the oil advertising and marketing firms.

Petrol and diesel costs that remained unchanged for 48 days, noticed a charge revision on November 20 (Friday), as state-run oil advertising and marketing firms hiked gas costs.

On Tuesday (November 24) Petrol costs had been hiked by 6 paise to Rs 81.59 per litre in Delhi, whereas disel pries had been hiked by 16 paise to Rs 71.41 per litre. Rates differ from state to state relying on the incidence of VAT. Taxes make up for practically two-third of the retail promoting value. 

Here is wanting on the value distinction of diesel and petrol in 4 metro cities on November 25.

City Petrol Diesel
Delhi 81.59 71.41
Mumbai 88.29 77.90
Chennai 84.64 76.88
Kolkata 83.15 74.98

In September, diesel costs noticed first discount since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) froze charges for 82 days to regulate a file hike in excise responsibility on auto fuels in opposition to falling benchmark value.

Live TV

#mute

Diesel charges had gone up by Rs 12.55 a litre between June 7, when oil corporations resumed revising costs consistent with value, and July 25. Diesel value has remained unchanged within the nation since July 25, besides in Delhi the place a discount in VAT lowered the speed by Rs 8.38 per litre. Petrol value went up by Rs 9.17 per litre between June 7 and June 29 earlier than hitting a pause. The revision cycle once more began on August 16 and charges have gone up by Rs 1.51 since then. In all, the petrol value has risen by Rs 10.68 since June 7.

Brent crude was up 54 cents, or 1.1%, at $48.40 a barrel by 0247 GMT, having risen nearly 4% within the earlier session. West Texas Intermediate crude gained 47 cents, or 1.1%, to $45.38 a barrel, after rising greater than 4% on Tuesday. Both contracts are at their highest since early March and have rallied practically 10% within the final 4 days, a Reuters report stated.

With Agency Inputs

Read Full Article