Petrol and diesel price April 6: Fuel costs Rs 10 more after 14th hike; Check prices in Delhi, Mumbai, here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices continued to march higher on April 6 as oil marketing companies (OMC)  hiked prices. So far prices have increased by roughly Rs 10 per litre across major cities in 16 days. Petrol in the National Capital of Delhi currently retails at Rs 105.41 per litre, up 80 paise. Diesel in the city is priced at Rs 96.67, an increase of 80 paise. In Mumbai, a litre of petrol and diesel cost Rs 120.51 and Rs 104.77, respectively. Pieces were hiked for the first time in 4 months, 15 days ago. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international prices and foreign exchange rates. 

OMCs had earlier, neither raised nor reduced petrol and diesel rates for more than 100 days, while international oil prices were volatile. Prices have increased across states but the magnitude of the revision in prices varies from state to state. Any changes in petrol and diesel prices are implemented with effect from 6 am every day. Retail petrol, diesel prices differ from state to state on account of local taxes like VAT or freight charges. Analysts had expected an increase in fuel rates as crude oil prices were hurting the government’s kitty.

Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram

Mumbai: Petrol price: Rs Rs 120.51 per litre, Diesel price: 104.77 per litre

Delhi: Petrol price: Rs 105.41 per litre, Diesel price: Rs 96.67 per litre

Chennai: Petrol price: Rs 110.89 per litre, Diesel price: Rs 100.98 per litre

Kolkata: Petrol price: Rs 115.08 per litre, Diesel price: Rs 99.82 per litre

Crude Oil prices slip

Crude oil prices moved lower on Wednesday morning as US Dollar strengthened and US crude stocks increased. Brent crude futures fell by 98 cents or 0.9% trading around $105.67 per barrel. U.S. West Texas Intermediate (WTI) crude futures were also down 98 cents or 1% to sit at $100.98 a barrel, according to Reuters.

Read More | Source: The Financial Express

Leave a Reply

Your email address will not be published. Required fields are marked *