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Oil Companies Hike Petrol, Diesel Prices For Second Straight Day

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Oil Companies Hike Petrol, Diesel Prices For Second Straight Day

Fuel Prices: Domestic petrol and diesel costs fluctuate throughout states attributable to worth added tax (VAT).

Oil advertising and marketing corporations hiked the costs of petrol and diesel for the second consecutive day, on Thursday, after a pause of two days. Petrol and diesel costs have been hiked by round 20 paise throughout the metros. The gas charges have now been hiked eleven occasions previously 14 days alone. In Delhi, the value of petrol was hiked to Rs 82.66 from Rs 82.49 per litre, with impact from 6 am on November 29, and diesel costs have been elevated to Rs 72.84 from Rs 72.65 per litre, in accordance with notifications from Indian Oil Corporation. Similarly, in Mumbai, the revised petrol and diesel charges stood at Rs 89.33 per litre and Rs 79.42 per litre respectively. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City)

Here are the present costs of petrol and diesel within the 4 metros (in rupees per litre):

CityPetrolDiesel
Delhi82.6672.84
Mumbai89.3379.42
Chennai85.5978.24
Kolkata84.1876.41
Source: Indian Oil

Since November 20, oil advertising and marketing corporations Indian Oil, Hindustan Petroleum and Bharat Petroleum have raised home gas costs on eleven events, following a two-week hiatus.

The three state-run corporations presently evaluate the home petrol and diesel charges each day, and implement any modifications to align them with international benchmarks with impact from 6 am.

Meanwhile, oil costs settled greater on Wednesday as Britain’s approval of a COVID-19 vaccine boosted hopes for a requirement restoration and on mounting expectations that producing nations will keep output limits subsequent 12 months.

Newsbeep

Brent crude oil futures settled up 83 cents, or 1.75 per cent, at $48.25 a barrel. West Texas Intermediate crude settled up 73 cents or 1.64 per cent at $45.28 a barrel.

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