Home >News >India >Diesel price hiked by 7 in 12 days, petrol by 6.5. Check today's rates
Demand for petroleum products doubled in May from the previous month, the country’s largest refiner Indian Oil Corp. Ltd said.
Demand for petroleum products doubled in May from the previous month, the country’s largest refiner Indian Oil Corp. Ltd said.

Diesel price hiked by 7 in 12 days, petrol by 6.5. Check today's rates

  • Petrol price is at 19-month high in India
  • Crude oil rates are hovering around the $40 mark

NEW DELHI : In a span of just 12 days, the price of diesel has increased by 7.04 a litre while that of petrol is up by 6.55 a litre. Petrol price went up by 53 paise in Delhi today and diesel price was hiked by a bigger margin of 64 paise.

Latest petrol, diesel prices in top cities:

New Delhi: Petrol 77.81 Diesel 76.43

Gurgaon: Petrol 76.24. Diesel 69.08

Mumbai: Petrol 84.66. Diesel 74.93

Chennai: Petrol 81.32. Diesel 74.23

Hyderabad: Petrol 80.77. Diesel 74.70

Bengaluru: Petrol 80.33. Diesel 72.68

After 12 days of non-stop hikes, the price of petrol is now at a 19-month high in India. As diesel prices are at a record high, the All India Motor Transport Congress (AIMTC) said the unbridled hike in fuel prices coupled with extortion at border check-posts in states has hit truckers hard and if the government fails to intervene, disruption of transport services cannot be ruled out.

The current spike in fuel rates comes at a time when international crude oil rates have moderated to around $40 a barrel and the demand for fuel is gradually inching back to pre-Covid levels.

After declining more than 8% last week, Brent crude futures fell 1.5% to $40.10 a barrel in the morning today. While prices dipped, they are likely to remain in the $35 to $40 band they have been trading in so far in June, with the Organization of the Petroleum Exporting Countries and its allies, a grouping called OPEC+, mostly sticking to promised supply cuts, U.S. shale producers holding back output, and fuel demand gradually improving, analysts said.

(Inputs from agencies)

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