Petrol Diesel Price today shows a record hike with Petrol prices in Delhi nearing Rs. 104/liter, check out the rates today

09 Oct, 2021

Petrol Diesel Price today:

Diesel and Petrol have surged again today, which is continuously for the fifth day in a row. Oil companies on Saturday increased the price of Diesel by 35 paise and Petrol by 30 paise per liter. While on Friday too, Petrol prices were hiked by 30 paise per liter and Diesel by 35 paise per liter. With this, this has become perhaps the longest period of continuous increase in fuel prices in the country.

According to the price notification of the public sector petroleum marketing companies, Petrol prices in Delhi rose to a record Rs 103.84 per liter and the Petrol price in Mumbai is at Rs 109.83 per liter. Diesel prices in Delhi also touched a record high of Rs 92.47 and the Diesel prices in Mumbai touched close to Rs 100 per liter. At present, its price in Mumbai is Rs 100.29 per liter.

Prices vary from state to state depending on local taxes, however, this is the longest period of price hikes with continuous increases in fuel prices. The international benchmark Brent crude has risen above $82 a barrel after OPEC+ (oil-producing countries) limited production growth to four lakh barrels per day, due to which fuel prices are being increased in large proportion. 

A month ago, the price of Brent was around $72 a barrel. Being a net importer of oil, India keeps the prices of petrol and diesel at par with international prices.

It must be noted that Public sector petroleum companies - Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation have resumed the process of increasing the prices of diesel and petrol from 24th September and 28th September respectively, with which the price hike has been going on for some time. Since then the price of diesel has increased by Rs 3.85 per liter and that of petrol by Rs 2.65 per liter. (with PTI input)


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