Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel costs remained steady for the sixteenth consecutive day on Monday across significant cities in the nation. The state-run oil refiner Indian Oil Corporation (IOL) raised the fuel costs final on February 27, 2021, petrol by 24 paise and diesel 15 paise. Petrol costs in the national capital, Delhi, stand at Rs 91.17 per litre whilst diesel is obtainable for Rs 81.47 per litre. As of today, amongst the significant cities of the nation, the highest petrol cost is in Pune exactly where it is retailing at Rs 97.59 per litre. While, the highest cost of diesel is in Hyderabad which charges Rs 88.86 per litre, as per the information from Indian Oil Corporation (IOL) internet site. The oil marketing and advertising corporations — Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) — revise the furl costs on a day-to-day basis in accordance with benchmark international cost and foreign exchange prices.
Citizens of Mumbai will have to shell out Rs 97.57 for a litre of petrol, whilst Rs 88.60 per litre for diesel. The fuel costs differ from state to state based on the incidence of nearby sales tax or VAT (worth-added services) and freight charges. Besides, central and state taxes make up for more than 61 per cent of the retail promoting cost of petrol and about 56 per cent of diesel. Centre levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 a litre on diesel. Rajasthan and Madhya Pradesh are the two states which levy the highest VAT on fuel in the nation. In February this year, petrol costs in these two states surpassed Rs one hundred per litre level.
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Petrol, diesel costs in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune
In Chennai, petrol is retailing at Rs 93.11 per litre whilst diesel charges Rs 86.45 per litre on Monday. However, in Kolkata, petrol is obtainable for Rs 91.35 a litre, and diesel at Rs 84.35 per litre. In Bengaluru, folks will have to shell out Rs 94.22 for a litre of petrol whilst Rs 86.37 per litre for diesel. In Hyderabad, petrol charges Rs 94.79 per litre. Similarly, petrol costs in Uttar Pradesh, Punjab, Haryana, Kolkata, Pune are Rs 89.38, 92.24, 89.31, 91.35 and 97.59 per litre, respectively. While diesel costs in these states stand at Rs 81.66, 83.30, 82.21, 84.35 and 87.26 per litre, respectively.
Brent crude drifts close to $70 a barrel
Globally, oil costs surged on Monday, with Brent drifting close to $70 a barrel, propped up by output cuts from significant producers and optimism about worldwide financial and fuel demand recovery in the second half of the year, according to Reuters. Brent crude futures for May gained 23 cents, or .3 per cent, to $69.45 a barrel whilst US West Texas Intermediate crude for April was at $65.90 a barrel, up 29 cents, or .4 per cent. Top oil exporter Saudi Arabia has reduce the provide of April-loading crude to at least 4 north Asian purchasers by up to 15 per cent, whilst meeting the standard month-to-month needs of Indian refiners, Reuters cited refinery sources as saying.