Home >News >India >Petrol, diesel price today: In 11 days, fuel rates went up by 6 a litre
Petrol and diesel prices are likely to be hiked further. (AFP)
Petrol and diesel prices are likely to be hiked further. (AFP)

Petrol, diesel price today: In 11 days, fuel rates went up by 6 a litre

  • Petrol price is at a 19-month high in India now
  • Diesel price has crossed the 75 mark in Delhi

NEW DELHI : With the demand for fuel gradually returning to pre-Covid levels due to easing of lockdown restrictions, petrol and diesel prices were hiked for the 11th consecutive day today. Petrol is now costlier by 55 paise a litre and diesel by higher margin of 60 paise a litre. In these 11 days, petrol price has increased by 6 per litre and diesel price by 6.4 per litre.

Fuel rates are now at a 19-month high in India even as Brent crude rate, hovering around $40 a barrel mark, are at multi-year lows.

Latest petrol, diesel prices in top cities:

New Delhi: Petrol 77.28 Diesel 75.79

Gurgaon: Petrol 75.83. Diesel 68.51

Mumbai: Petrol 84.15. Diesel 74.32

Chennai: Petrol 80.86. Diesel 73.69

Hyderabad: Petrol 80.22. Diesel 74.07

Bengaluru: Petrol 79.79. Diesel 72.07

According to a report, oil firms are likely to maintain the momentum of daily price hike for few more days to make up for the margin gap of around 8 per litre.

Congress president Sonia Gandhi has urged Prime Minister Narendra Modi to roll back the hike in fuel prices, saying the government's decision is nothing short of profiteering off its people. The CPI has announced that it will hold nationwide protests against the hike in petrol and diesel prices on June 20, marking it as ‘Anti-Fuel-Hike Protest Day’.

After falling down to just 30% of the normal levels in April, fuel demand has now recovered to 82-85% of pre-Covid levels with the phased reopening of the economy.

In the international market, Brent crude oil futures were down 1%, at $40.56 a barrel. The International Energy Agency (IEA) has forecast oil demand at 91.7 million barrels per day (bpd) in 2020, 500,000 bpd higher than its estimate in May's report, citing higher than expected consumption during coronavirus lockdowns.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePapermint is now on Telegram. Join mint channel in your Telegram and stay updated

Close
×
My Reads Redeem a Gift Card Logout