New Delhi: Petrol and diesel prices were unchanged for the seventh day on Tuesday, as oil marketing companies paused rates today.
Fuel prices hit new record highs in the National Capital on Wednesday after oil marketing hiked rates further. State-owned oil marketing companies hiked petrol prices in Delhi by 25 paise to 86.30 per litre from Rs 86.05 per litre while diesel prices too were hiked by 25 paise to Rs 76.48 per litre from Rs 76.23 per litre. In Mumbai, diesel prices were hiked to Rs 92.86 per litre, thus witnessing new record high and petrol prices stood at Rs 83.30 per litre on Wednesday.
Here is looking at the price difference of diesel and petrol in four metro cities on February 3, 2021.
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 86.30 | 76.48 |
| Mumbai | 92.86 | 83.30 |
| Chennai | 88.82 | 81.71 |
| Kolkata | 87.69 | 80.08 |
State-owned fuel retailers — Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — had on January 6, resumed daily price revision after nearly a month-long hiatus. Since then, rates have gone up by Rs 2.34 a litre on petrol and Rs 2.36 in case of diesel.
Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates.
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U.S. crude futures climbed 0.2% to $54.87 a barrel, just shy of a one-year high of $55.26 hit on Tuesday. Brent crude futures rose 0.3% to $57.62 a barrel, close to their highest in more than 11 months, a Reuters report said.
With Agency Inputs
