Petrol price breaches 85 mark for first time in Delhi, nears 92 in Mumbai

Petrol and diesel prices were hiked by 25 paise per litre each on Monday as well.
By :
| Updated on: 19 Jan 2021, 02:09 PM
Petrol price on Tuesday breached the ₹85 a litre mark in the national capital and diesel neared record high after rates were raised for the second consecutive day. (File photo) (PTI)
Petrol price on Tuesday breached the ₹85 a litre mark in the national capital and diesel neared record high after rates were raised for the second consecutive day. (File photo) (PTI)
Petrol price on Tuesday breached the ₹85 a litre mark in the national capital and diesel neared record high after rates were raised for the second consecutive day. (File photo) (PTI)
Petrol price on Tuesday breached the ₹85 a litre mark in the national capital and diesel neared record high after rates were raised for the second consecutive day. (File photo)

Petrol price on Tuesday breached the 85 a litre mark in the national capital and diesel neared record high after rates were raised for the second consecutive day.

Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies.

This took the petrol price in Delhi to 85.20 per litre and to 91.80 in Mumbai.

Similar Cars

Find More Cars
Skoda Kodiaq Petrol Bs6 (HT Auto photo)
UPCOMING
Skoda Kodiaq Petrol Bs6
Prices are currently unavailable

Diesel rate climbed to 75.38 a litre in the national capital - just shying away from its record high - and to an all-time high of 82.13 in Mumbai, the price data showed.

Petrol and diesel prices were hiked by 25 paise per litre each on Monday as well.

While petrol and diesel prices are at a record high in Mumbai, petrol price in the national capital is at an all-time high. Diesel price is just short of 75.45 a litre record touched on October 4, 2018.

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.

Since then rates have gone up by 1.49 a litre on petrol and 1.51 in case of diesel.

This comes after international oil prices firmed up on hopes of demand returning from the rollout of coronavirus vaccines in different countries, including India.

When fuel prices had last touched record high on October 4, 2018, the government had cut excise duty on petrol and diesel by 1.50 per litre in a bid to ease inflationary pressure and boost consumer confidence. Alongside, state-owned fuel retailers cut prices by another Re 1 a litre, which they recouped later.

This time, there are no indications of a duty cut so far.

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.

First Published Date: 19 Jan 2021, 02:09 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city