Petrol and Diesel Price Soar For Second Consecutive Day; Major Cities Face More Impact

The petrol and diesel prices in the country are fluctuating every day. In many major cities of India, the prices are soaring all-time high. As on February 10, 2021, the prices of petrol and diesel have risen for the second consecutive day across India. In the nation’s capital, the price of petrol hiked by Rs 30 paise per litre, while the price of diesel also rose by Rs 25 paise per litre.

In the previous session, the prices of petrol and diesel were raised by Rs 35 paise a litre each across Delhi on Tuesday. Meanwhile, as per the new moment in the prices, petrol in Delhi now stands at Rs 87.60 per litre, whereas, the price of diesel is at Rs 77.73 a litre.

Speaking of the prices of the auto fuel in Mumbai, petrol now costs Rs 94.12 per litre, and diesel stands at Rs 84.63 a litre. At present, they are retailing at record high levels in the country.

For the unknown, the prices of auto fuels vary from state to state pertaining to the local sales tax or VAT. Generally, the prices of both petrol and diesel are revised on daily basis in accordance with the benchmark international price and also the foreign exchange rate.

On Wednesday, the oil prices rose once again across the globe, extending their week-long rally after industry data showcasing the dip in US crude oil stocks. It has added to the optimism about an expected rise in demand of the fuel globally.

Speaking of the auto fuel rates in a few of the major cities in India, Mumbai is ruling it with petrol prices being Rs 94.12 per litre and diesel being Rs 84.63 per litre. It is followed by Kolkata where petrol prices stand at Rs 88.92 a litre and diesel at Rs 81.31 per litre.

In Bengaluru, the prices of petrol and diesel are Rs 90.53 per litre and Rs 82.40 a litre respectively. In Chennai petrol costs Rs 89.96 per litre and diesel price remains Rs 82.90 a litre.

by siddhi ajgoankar | Wed, Feb 10 - 12:08 PM

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