The price of petrol in Delhi currently stands at Rs 94.49 per litre while diesel is now selling at Rs 85.38. In Mumbai, petrol costs Rs 100.72, while diesel is retailing at Rs 92.69
The price of petrol in Delhi stands at Rs 94.49 per litre while that of diesel is at Rs 85.38. In Mumbai, petrol currently costs Rs 100.72, while diesel is retailing at Rs 92.69, data available on Indian Oil Corporation’s website showed.
So far in June, the auto fuel prices have been raised on one occasion, however, they were hiked 16 times in May after oil marketing companies (OMCs) resumed their price revisions ending an 18-day hiatus that coincided with the assembly elections in key states.
The central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. Centre levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 a litre on diesel.
US West Texas Intermediate (WTI) crude futures rose 7 cents (0.10 per cent) to $67.79 as of 0500 GMT, extending a 2.1 per cent gain following the Memorial Day holiday in the United States on Monday. Prices rose to their highest since October 2018. Brent crude futures climbed 17 cents (0.24 per cent) to $70.42 a barrel, after rising 1.3 per cent overnight, when it hit its highest since March 8, the report said.
Here’s what you pay for a litre of petrol and diesel in your city on Wednesday, June 2, 2021:
|City||Petrol (Rs/litre)||Diesel (Rs/litre)|
|Source: Indian Oil Corporation|
In the international market, crude oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July while expecting a robust recovery in demand in the United States and China, the world’s two biggest oil consumers, news agency Reuters reported.