Petrol costs contact file highs, hits Rs 100/litre in Chennai; diesel unchanged

Petrol and diesel value right this moment: After remaining regular for 2 days, petrol costs have been hiked on Friday, July 2, 2021, touching a file excessive throughout the nation, whereas diesel charges have been stored unchanged. In the nationwide capital, the petrol value rose by 35 paise.
Following the newest value revision, petrol in Delhi breached the Rs 99 per litre mark and is now retailing at Rs 99.16 whereas diesel continues to promote at Rs 89.18. In the monetary capital Mumbai, petrol value went previous Rs 105-mark and now stands at Rs 105.24 whereas diesel prices Rs 96.72, information accessible on Indian Oil Corporation’s web site confirmed.
This marks the primary enhance in gas costs within the month of July and one of many uncommon events the place solely the petrol charges have been revised among the many two auto fuels. In June, each petrol and diesel costs have been hiked 16 instances which adopted the 16 hikes throughout May. Prices have been on the rise since May 4 after oil advertising and marketing firms (OMCs) resumed their value revisions ending an 18-day hiatus that coincided with the meeting elections in key states. During this era, petrol value has elevated by Rs 8.76 per litre and diesel has climbed by Rs 8.45 in New Delhi.
Following the latest hikes since May 4, the worth of petrol has crossed the Rs 100-per-litre mark in no less than 12 states and union territories together with Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Ladakh, Karnataka, Jammu and Kashmir (J&Ok), Odisha, Tamil Nadu, Bihar and Kerala.

Bhopal turned the primary state capital to have petrol hit the three-figure mark in May, adopted by Jaipur and Mumbai. In June, Hyderabad and Bengaluru had additionally joined this record adopted by Patna and Thiruvananthapuram. Today, Chennai too breached this psychological landmark with petrol touching at Rs 100.13.
Petrol and diesel charges are on the highest within the nation in Sri Ganganagar district of Rajasthan the place petrol comes for Rs 110.40 a litre. Diesel right here touched the three-figure mark in June and at present is retailing at Rs 102.42 per litre, the Indian Oil information confirmed. In Madhya Pradesh’s Anuppur district, petrol right this moment is priced at Rs 110.01 a litre and diesel at Rs 100.32.
Auto gas costs within the nation differ from state to state relying on the native taxation (VAT) and freight expenses. Apart from this, the central authorities expenses an excise responsibility on auto fuels.
OMCs revise charges of petrol and diesel every day primarily based on the typical value of benchmark gas within the worldwide market within the previous 15-days and international change charges.

In the worldwide market, crude oil costs held regular on Friday after OPEC+ ministers delayed a gathering on output coverage because the United Arab Emirates balked at a plan so as to add again 2 million barrels per day (bpd) within the second half of the yr, information company Reuters reported earlier within the day.
US West Texas Intermediate (WTI) crude futures have been up 5 cents at $75.28 a barrel at 0155 GMT, having jumped 2.4 per cent on Thursday to shut at their highest since October 2018. Brent crude futures inched up 4 cents to $75.88 abarrel, after rising 1.6 per cent on Thursday, the report stated.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Friday, July 2, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
99.16
89.18
Mumbai
105.24
96.72
Kolkata
99.04
92.03
Chennai
100.13
93.72
Bengaluru
102.48
94.54
Hyderabad
103.05
97.20
Patna
101.21
94.52
Bhopal
107.43
97.93
Jaipur
105.91
98.29
Lucknow
96.31
89.59
Thiruvananthapuram
101.14
95.74
Source: Indian Oil Corporation