Home Economy Petrol price up 17 paise, diesel 22 paise after two-month hiatus

Petrol price up 17 paise, diesel 22 paise after two-month hiatus

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This is the primary revision in petrol costs since September 22.

Petrol value on Friday was hiked by 17 paise per litre and diesel by 22 paise, as firming worldwide oil costs broke an almost two-month-long hiatus in value revision.

Petrol value in Delhi was hiked to ₹ 81.23 per litre from ₹ 81.06, in accordance with a value notification from oil advertising firms.

Diesel charges went up from ₹ 70.46 to ₹ 70.68 per litre.

This is the primary revision in petrol costs since September 22. Diesel charges hadn’t modified since October 2.

Public sector oil advertising firms – Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd – revise charges of petrol and diesel each day based mostly on benchmark worldwide oil value and overseas trade fee.

They have, nonetheless, restored to calibrating the charges for the reason that pandemic broke out with a view to avoiding volatility in retail costs.

The 58-day hiatus in petrol value revision and 48-day established order on diesel charges was preceded by no change in charges between June 30 and August 15 and a 52-day established order between March 17 and June 6.

In Mumbai, the petrol value on Friday was raised to ₹ 87.92 per litre from ₹ 87.74, whereas diesel charges went up from ₹ 76.86 to ₹ 77.11.

Petrol now prices ₹ 84.31 in Chennai and ₹ 82.79 in Kolkata. Diesel prices ₹ 76.17 per litre in Chennai and ₹ 74.24 in Kolkata.



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