Petrol oscillates 35-Paise Hike to Rs 100 per Litre In Delhi
Petrol oscillates 35-Paise Hike to  Rs 100 per Litre In Delhi
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New Delhi:   Continuing its uptrend, the prices of petrol taking closer to the century mark in Delhi and Kolkata, the only two metro cities where the fuel is still below Rs 100 a litre.

In Delhi, the price of the fuel increased by 35 paise from Rs 99.51 on Sunday to Rs 99.86 a litre on Monday, while in Kolkata, Petrol prices moved up from Rs 99.45 a litre to Rs 99.84 a litre. With the increase, petrol prices are expected to cross the century mark in these two cities at next revision. With this, the fuel will be over Rs 100 a litre in all four metros and other major cities across the country.

In Mumbai, petrol price now stands at Rs 105.92 while diesel costs Rs 96.91, data available on Indian Oil Corporation's website showed. In Chennai too, petrol has hit century with pump prices being Rs 100.75 a litre.

OMC Officials attribute the consistent increase in fuel prices to development in global oil markets where both product and crude prices have been firming up for the past couple of months on rise in demand amidst slowing of pandemic. However, on an aerial view of fuel retail prices in India gives a picture that it is high level of taxes that is keeping fuel rates higher even in times when global oil prices are firm.

 

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