The prices of petrol and diesel continue their exorbitant streak for the 21st consecutive day on Wednesday. Oil Marketing Companies (OMCs) made their last hike in fuel prices on April 6, following which 14 price hikes were implemented across major cities. For the past 21 days, petrol and diesel prices have been following a steady streak. Public sector OMCs in the country include companies like Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation Ltd (HPCL), and Bharat Petroleum Corporation Ltd (BPCL).
These OMCs are responsible for revising the fuel prices daily in line with benchmark international crude oil prices and foreign exchange rates. Petrol and diesel price revisions decided by the OMCs are implemented every day with effect from 6 am.
On Wednesday, petrol in the national capital retails at Rs 105.41 per litre, while diesel is priced at Rs 96.67. In Mumbai, one litre of petrol is being retailed for Rs 120.51 and a litre of diesel is being retailed for at Rs 104.77. In the capital city of West Bengal consumers of petrol have to pay Rs 115.12 per litre, while consumers of diesel will have to pay Rs 99.83 per litre. In Chennai a litre of petrol retails at Rs 110.85 per litre while a litre of diesel is retailing at Rs 100.94 per litre.
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Fuel prices across the country observed a steep rise, after the Assembly elections in Uttar Pradesh, Punjab, Goa, and Manipur concluded in March. However, the revision in prices varies from state to state. Retail petrol and diesel prices differ from state to state since it depends on factors like local taxes, VAT (Value Added Tax), freight charges, among others.
According to Reuters, Brent crude futures settled up $2.67, or 2.6%, at $104.99 a barrel on Tuesday, while U.S. West Texas Intermediate contracts were up $3.16, or 3.2%, at $101.70.
Petrol, Diesel Prices on Monday, April 27, in Delhi, Chennai and Other Major Cities in India:
Delhi Petrol – Rs 105.41 per litre Diesel – Rs 96.67 per litre
Mumbai Petrol – Rs 120.51 per litre Diesel – Rs 104.77 per litre
Kolkata Petrol – Rs 115.12 per litre Diesel – Rs 99.83 per litre
Chennai Petrol – Rs 110.85 per litre Diesel – Rs 100.94 per litre
Bhopal Petrol – Rs 118.14 per litre Diesel – Rs 101.16 per litre
Hyderabad Petrol – Rs 119.49 per litre Diesel – Rs 105.49 per litre
Bengaluru Petrol – Rs 111.09 per litre Diesel – Rs 94.79 per litre
Guwahati Petrol – Rs 105.66 per litre Diesel – Rs 91.40 per litre
Lucknow Petrol – Rs 105.25 per litre Diesel – Rs 96.83 per litre
Gandhinagar Petrol – Rs 105.29 per litre Diesel – Rs 99.64 per litre
Thiruvananthapuram Petrol – Rs 117.19 per litre Diesel – Rs 103.95 per litre
