Petrol prices hit new record high in Delhi after 7-day pause
NEW DELHI: Petrol prices hit a new record high on Thursday in the national capital with oil marketing companies (OMCs) raising rates by 35 paise a litre to Rs 86.65. Diesel prices were also raised by 35 paise a litre to Rs 76.83 in Delhi.
In Mumbai, a litre of petrol now costs Rs 93.20 and diesel is now sold at Rs 83.67 per litre.
Prior to this, OMCs (Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum) paused rates for seven straight days before pushing the rates higher today.
Petrol price was very close to breaching the all-time high level of Rs 84 a litre — reached on October 4, 2018 — when it touched Rs 83.71 a litre on December 7, 2020.
But the march had been halted ever since then with no price revision by the OMCs in the month. The price rise started again only on January 6, 2021.
The current price rise is largely on account of steep increase in central taxes of petrol and diesel and firm crude prices. The budget has also imposed a new agriculture infrastructure and development cess.
