Petrol and diesel prices in India today: The fuel rates in India continued to burn pocket of a common man as the rates hiked for the eighth consecutive day on Tuesday (February 16).
The state-controlled oil marketing companies (OMCs) increased the petrol rate by 26-30 paise per litre while diesel price went up by 33-38 paise per litre across major cities of the country today.
Following the hike in petrol and diesel prices today, the petrol in Delhi climbed to Rs 89.29 (30 paise increase) per litre while it was Rs 88.99 on Monday. Likewise, the diesel price has jumped to Rs 79.70 per litre as compared to Rs 79.35 a litre on Monday.
In the last eight days, petrol has gone up by Rs 2.36 per litre while diesel has increased by Rs 2.91 a litre in the national capital. With this, the petrol price in Delhi crossed Rs 89 per litre mark for the first time ever as Oil Marketing Companies continue to raise auto fuel prices in line with costs.
In Mumbai, petrol is at Rs 95.75 a litre after a 29 paise increase while diesel has gone up by Rs 86.72 with an increase of 38 paise. In Kolkata, petrol price was increased by 29 paise to Rs 90.54 a litre, from Rs 90.25 on Monday. Diesel was at Rs 83.29 a litre, 35 paise more than Monday’s price.
Petrol and diesel prices in India today
|City||Petrol (Rs/litre)||Diesel (Rs/litre)|
Last week, the Union Oil Minister Dharmendra Pradhan ruled out the possibility of a cut in taxes on petrol and diesel to reduce prices. However, he clarified that the Union government has little to do with auto fuels rates as the prices are dependent on the international crude oil price.
It is pertinent to mention that petrol and diesel prices vary from state to state because of different local taxes and VAT imposed.