Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel rates had been kept steady for the fourteenth consecutive day on Saturday across significant cities in the nation. The fuel rates have been stagnant due to the fact February 27, 2021, when petrol rates had been raised by 24 paise and diesel by 15 paise. As of today, the highest petrol cost is in Pune exactly where it is retailing at Rs 97.59 per litre. The highest cost of diesel is in Hyderabad which charges at Rs 88.86 per litre, as per the information from Indian Oil Corporation (IOL) internet site. Petrol rates in the national capital, Delhi, stand at Rs 91.17 per litre though diesel is readily available for Rs 81.47 per litre on Saturday.
In Mumbai, petrol is retailing at Rs 97.57 per litre, though diesel charges Rs 88.60 per litre on Saturday. Petrol and diesel rates differ from state to state based on the incidence of regional sales tax or VAT and freight charges. 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. Rajasthan and Madhya Pradesh levy the highest VAT on fuel in the nation. Petrol rates in these two states crossed Rs one hundred per litre final month in February.
Petrol, diesel rates in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune
In Chennai, petrol will expense Rs 93.11 per litre though diesel is retailing at Rs 86.45 a litre. However, in Kolkata, petrol is readily available at Rs 91.35 a litre, and diesel at Rs 84.35 per litre. Centre levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 a litre on diesel. The fuel rates are revised on a each day basis in accordance with benchmark international cost and foreign exchange prices. In Bengaluru, persons will have to shell out Rs 94.22 for a litre of petrol though Rs 86.37 per litre for diesel. In Hyderabad, petrol is readily available for Rs 94.79 per litre. Similarly, petrol rates 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 rates in these states stand at Rs 81.66, 83.30, 82.21, 84.35 and 87.26 per litre, respectively.
Oil rates in international market place
On Friday, oil settled close to $70 a barrel, supported by production cuts by significant oil producer and optimism about a demand recovery in the second half of the year. Benchmark Brent settled down 41 cents, or .6 per cent, at $69.22 a barrel. US West Texas Intermediate crude ended down 41 cents to $65.61 a barrel. Brent and US crude ended the week roughly flat just after rates touched a 13-month higher on Monday, following seven straight weeks of gains, according to a Reuters report.