Petrol, Diesel Prices Hiked For Fourth Consecutive Day

Petrol, Diesel Prices Today, May 07, 2021: Petrol prices have been increased by 28 paise to Rs 91.27 per litre and diesel prices have been raised by 31 paise to Rs 81.73 per litre in Delhi, according to Indian Oil Corporation

Petrol, Diesel Prices Hiked For Fourth Consecutive Day

Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT).

Highlights

  • In Delhi, petrol price has been hiked by 28 paise to Rs 91.27 per litre
  • Diesel price has been raised by 31 paise to Rs 81.73 per litre in Delhi
  • Petrol and diesel prices vary across Indian states due to value-added tax

Petrol and diesel prices have been hiked up to 31 paise across the metros on Friday, May 7, 2021. In Delhi, petrol prices have been increased by 28 paise from Rs 90.99 per litre to Rs 91.27 per litre and diesel prices have been raised by 31 paise from Rs 81.42 per litre to Rs 81.73 per litre, according to Indian Oil Corporation. In Mumbai, the revised prices of petrol and diesel are Rs 97.61 per litre and Rs 88.82 per litre respectively, according to the state-run oil refiner. Presently, fuel prices are the highest in Mumbai among the four metro cities. Petrol and diesel prices vary across states in India due to the value-added tax. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)

Below are the latest petrol and diesel prices across the four metro cities:

CityPetrolDiesel
Delhi91.2781.73
Mumbai97.6188.82
Chennai93.1586.65
Kolkata91.4184.57
Source: Indian Oil

The state-run oil marketing companies, Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum, align the rates of domestic fuel with the global crude oil prices by taking into account changes in the foreign exchange rates. The new changes in fuel prices are implemented with effect from 6 am each day.

Meanwhile, oil prices edged up in early Asian trade after a 1 per cent dip in the previous session, as global economic recovery and easing travel curbs in the United States and Europe buoyed the fuel demand outlook. Brent crude futures for July were at $68.17 a barrel by 0052 GMT, up 8 cents, while U.S West Texas Intermediate (WTI) crude for June rose 9 cents to $64.80.