Petrol, diesel prices today hiked for 14th day in a row. Check latest rates here
Petrol and diesel prices in India have been hiked today – the 14th consecutive day of price increase that has pushed diesel rates to record highs. Petrol and diesel now costs ₹78.88/litre and ₹77.67/litre respectively in Delhi. The price of petrol today has been increased by ₹0.51 per litre while that of diesel by ₹0.61 a litre. Petrol and diesel prices have increased by ₹7.62/litre and ₹8.28/litre respectively since June 6 in the national capital.
In Kolkata, petrol today retailed at ₹80.62/litre and diesel at ₹73.07, in Mumbai petrol at ₹85.70 and diesel at ₹76.11 and in Chennai diesel at ₹82.27 per litre and petrol at ₹75.29 a litre.
Oil marketing companies have been adjusting retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic. These firms on June 7 restarted revising prices in line with costs.
State-run oil marketing companies calculate fuel prices based on a complex algorithm which takes into account the price of Indian basket of crude oil, international benchmark rates of petrol and diesel and the exchange value of US dollar and rupee.
