Home > News > India > Petrol, diesel prices hiked in Mumbai, Bengaluru, Kolkata. Today's rates here
A petrol pump worker waits for customers at a gas station during the 21-day nationwide lockdown to check the spread of coronavirus, in New Delhi. (ANI)
A petrol pump worker waits for customers at a gas station during the 21-day nationwide lockdown to check the spread of coronavirus, in New Delhi. (ANI)

Petrol, diesel prices hiked in Mumbai, Bengaluru, Kolkata. Today's rates here

  • Fuel retailers have abstained from a rate cut for 18 days in a row despite a 17-year slump in crude oil rates
  • The state governments of Maharashtra, Karnataka and West Bengal have hiked VAT on petrol and diesel

NEW DELHI : Petrol and diesel prices were left unchanged for the 18th day today by state-run fuel retailers but in some cities like Mumbai, Bengaluru and Kolkata, the rates have been hiked by Re 1- 1.5 a litre from this month due to a hike in VAT by the state governments.

In Mumbai and Kolkata, the hike has been of Re 1 for both petrol and diesel while in Bengaluru, the price of petrol is up by 1.58 a litre and diesel by 1.55 a litre.

In Delhi, a litre of petrol is priced at 69.59 per litre and diesel at 62.29 per litre today. In Mumbai, petrol is selling at 76.31 per litre and diesel at 66.21 per litre. In Chennai, a litre of petrol will cost 72.28 per litre whereas diesel is now priced at 65.71 per litre. In Bengaluru, petrol is now selling at 73.55 and diesel at 65.96. In Hyderabad, petrol pumps are charging 73.97 for petrol and 67.82 for diesel. If you are in Gurgaon, you will have to shell out 70.21 for petrol and 62.08 for diesel. In Kolkata, petrol pumps are charging 73.30 for petrol and 65.62 for diesel.

From this month, fuel retailers have started supplying BS-VI grade fuel, equivalent to Euro-VI fuel. The 35,000 crore upgrade would have led to a Re 1 hike in fuel rates but the cost was absorbed by the ongoing slump in crude oil rates.

After having soared 21% yesterday, Brent crude futures fell 3% to $29.05 today. So far this year, oil rates are down by 60% due to the coronavirus pandemic slashing demand even as Saudi Arabia and Russia said they would boost output in April amid their price war, raising the prospect of a flooded market.

Analysts said even if Russia and Saudi Arabia agreed to cut production by as much as 15 million bpd, that would not be enough to balance the market in face of a deep economic recession.

(Inputs from agencies)

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