Home / Business / Achhe Din Only Rhetoric : Petrol Price All Time High Rs 84.45 Per litre In Delhi, Rs 91.07 A litre In Mumbai

Achhe Din Only Rhetoric : Petrol Price All Time High Rs 84.45 Per litre In Delhi, Rs 91.07 A litre In Mumbai

Image : Representational Purpose Only

Petrol price have reportedly  touched a new high of Rs 84.45 per litre in the national capital after state-owned fuel retailers hiked prices after a five-day hiatus. Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies.

In Delhi, petrol now costs Rs 84.45 per litre and diesel is priced at Rs 74.63. In Mumbai, petrol comes for Rs 91.07 a litre and diesel for Rs 81.34, reported PTI.

This is the highest ever price of petrol in Delhi, while diesel is at a record high in Mumbai. 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. Rates were hiked on two consecutive days – totalling 49 paise for petrol and 51 paise for diesel – before they hit a pause button again.

The price increase cycle resumed after international oil prices rose for the seventh day. US West Texas Intermediate (WTI) was up 1.3 per cent at USD 53.88 a barrel, while Brent crude was up 79 cents at USD 57.37. Both benchmarks are trading at the highest since February, before the coronavirus outbreak in China began spreading across the world, forcing lockdowns that shaved off demand.

Petrol price had scaled to an all-time high of Rs 84.20 per litre on January 7. The previous highest ever rate of Rs 84 a litre for petrol in Delhi was touched on October 4, 2018. On that day, diesel too had scaled to an all-time high of Rs 75.45 a litre.

About Impactnews Desk

Check Also

Air India Disinvestment : Much Awaited Privatisation By May End, Says Hardeep Singh Puri

Union Civil Aviation Minister Hardeep Singh Puri has stated that the privatisation of Air India …