Fuel costs hit recent document excessive; Petrol nears Rs 100/litre in Patna, Thiruvananthapuram

Petrol and diesel value in the present day: Petrol and diesel costs have been hiked on Thursday, June 24, 2021, after a niche of at some point, touching recent document highs throughout the nation. In the nationwide capital, the petrol value rose 26 paise whereas that of diesel inched up 7 paise.
Following the newest value revision, petrol in Delhi is now retailing at Rs 97.76 a litre whereas diesel is promoting at Rs 88.30. In the monetary capital Mumbai, petrol value now stands at Rs 103.89 whereas diesel prices Rs 95.79, information out there on Indian Oil Corporation’s web site confirmed.
This marks the thirteenth value rise within the auto gas costs to this point within the month of June that follows 16 hikes in May. Prices have been on the rise for the reason that previous month (May 4) after oil advertising firms (OMCs) resumed their value revisions ending an 18-day hiatus that coincided with the meeting elections in key states.
Following the continuing hikes since May 4, the value of petrol has crossed the Rs 100-per-litre mark in 9 states and union territories – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Ladakh, Karnataka and Jammu and Kashmir (J&Okay) and Odisha.

Last month, Bhopal turned the primary state capital to have petrol hit the three-figure mark adopted by Jaipur and Mumbai and final week, Hyderabad and Bengaluru additionally joined this checklist. Now, Patna and Thiruvananthapuram are inching in the direction of this psychological landmark with petrol retailing at Rs 99.80 and Rs 99.74 respectively.
Petrol and diesel charges are on the highest within the nation in Sri Ganganagar district of Rajasthan the place petrol comes for Rs 108.94 a litre. Diesel right here touched the three-figure mark earlier this month and at the moment is retailing at Rs 101.48 per litre, the Indian Oil information confirmed. In Madhya Pradesh’s Anuppur district, petrol in the present day is priced at Rs 108.56 a litre and diesel at Rs 99.39.
In India, the gas costs differ from state to state relying on the native taxation (VAT) and freight costs. Apart from this, the central authorities costs an excise obligation on auto fuels.
The central and state taxes make up for 60 per cent of the retail promoting value of petrol and over 54 per cent of diesel. Centre levies Rs 32.90 per litre of excise obligation on petrol and Rs 31.80 a litre on diesel.

OMCs revise charges of petrol and diesel every day primarily based on the common value of benchmark gas within the worldwide market within the previous 15-days, and international alternate charges.
In the worldwide market, crude oil costs climbed on Thursday after a pointy drawdown in US crude and gasoline shares strengthened optimism of a fast restoration in gas demand and on doubts about the way forward for the 2015 Iran nuclear deal that might finish US sanctions on Iranian crude exports, information company Reuters reported earlier within the day.
Brent crude futures rose 9 cents (0.1 per cent) to $75.28 a barrel by 0103 GMT, after rising 0.5 per cent on Wednesday. US West Texas Intermediate (WTI) crude futures gained 6 cents (0.1 per cent) to $73.14 a barrel, after rising 0.3 per cent on Wednesday, the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Thursday, June 24, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
97.76
88.30
Mumbai
103.89
95.79
Kolkata
97.63
91.15
Chennai
98.88
92.89
Bengaluru
101.03
93.61
Hyderabad
101.60
96.25
Patna
99.80
93.63
Bhopal
105.99
97.00
Jaipur
104.44
97.35
Lucknow
94.95
88.71
Thiruvananthapuram
99.74
94.82
Source: Indian Oil Corporation