Petrol in Delhi above Rs 85 per litre, Diesel above Rs 75 per litre mark
New Delhi : The petrol prices in the national capital have crossed Rs 85 per litre mark in Delhi, this is the fifth spike in the prices in less than two weeks. On Tuesday, both petrol and diesel have become costlier by 25 paise per litre. With the hike, the Delhi pump rates of Petrol rose to Rs 85 per litre and Diesel to Rs 75.38 per litre.
In Mumbai, diesel rose to a record high of Rs 82.13 per litre. Petrol is sold at Rs 91.80 per litre in Mumbai.
Since January 1, the petrol and diesel prices have been increased by around Rs 1 per litre.
State-owned fuel retailers — Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — had on January 6 resumed daily price revision after nearly a month-long hiatus.
The hike in prices has been registered in accordance to the international fuel prices which are also showing an upward trend amid hopes that the normalcy will return soon as coronavirus pandemic is getting slower with the arrival of vaccines.
Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates. They vary from state to state depending on the incidence of local taxes.