Petrol, Diesel Prices Touch New All-Time Highs; Petrol Nears Rs 89 In Delhi

In Delhi, the price of petrol was hiked by 26 paise to Rs 88.99 per litre and diesel was increased by 29 paise to Rs 79.35 per litre, according to Indian Oil Corporation

Petrol, Diesel Prices Touch New All-Time Highs; Petrol Nears Rs 89 In Delhi

Domestic petrol and diesel prices vary from state to state due to value added tax (VAT).

Petrol, Diesel Prices Today: Petrol and diesel prices touched fresh all-time highs across the four metros on Monday, February 15, after oil marketing companies increased the rates by around 30 paise for the seventh straight day. In Delhi, the price of petrol was hiked by 26 paise from Rs 88.73 to Rs 88.99 per litre, and diesel was increased by 29 paise from Rs 79.06 per litre to Rs  79.35 per litre, according to Indian Oil Corporation, the country's largest fuel retailer. Meanwhile, in Mumbai, the revised petrol and diesel rates stood at Rs 95.46 per litre and Rs 86.34 per litre respectively. Currently, the fuel rates are the highest in Mumbai out of all the four metros. (Also ReadHow To Check Latest Petrol And Diesel Rates In Your City)

Here are the current prices of petrol and diesel (in rupees per litre):

CityPetrolDiesel
Delhi88.9979.35
Mumbai95.4686.34
Chennai91.1984.44
Kolkata90.2582.94
Source: Indian Oil


Petrol and diesel prices have recorded an upswing since January 6, 2021, after staying unchanged for almost a month. The fuel prices have increased amid a rally in global crude oil prices, with Covid-19 vaccination drives continuing across the world. 

Oil marketing companies  - Bharat Petroleum, Indian Oil Corporation, as well as Hindustan Petroleum align the rates of domestic fuel with the global benchmarks, by taking into account any alterations in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.

Meanwhile, oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group, raising fears of fresh Middle East tensions.

Brent crude was up 66 cents, or 1.1 per cent, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020.