Business News
Petrol, Diesel Prices Hiked Today. Latest Rates In Top Cities
Diesel prices have been raised by 6-8 paise in the four metros every day since the last day of calendar year 2017.
Petrol prices were increased by 13-14 paise while diesel rates hiked by 18-20 paise per litre in the four metro cities on Saturday. Effective 6 am, January 6, 2018, petrol prices were at Rs. 70.13 per litre in Delhi, Rs. 72.88 per litre in Kolkata, Rs. 78.02 per litre in Mumbai and Rs.72.69 per litre in Chennai, according to Indian Oil Corporation’s website – iocl.com. Diesel rates were at Rs. 60.12 per litre, Rs. 62.78 per litre, Rs. 63.87 per litre and Rs. 63.35 per litre respectively.
| Petrol (Rs. per litre) | |||||
| 6-Jan | 5-Jan | 31-Dec | 30-Nov | 1-Jun-17 | |
| Delhi | 70.13 | 69.99 | 69.97 | 69.24 | 66.91 |
| Kolkata | 72.88 | 72.74 | 72.72 | 72 | 69.52 |
| Mumbai | 78.02 | 77.89 | 77.87 | 76.52 | 78.44 |
| Chennai | 72.69 | 72.55 | 72.53 | 71.76 | 69.93 |
| Diesel (Rs. per litre) | |||||
| Delhi | 60.12 | 59.94 | 59.64 | 58.39 | 55.94 |
| Kolkata | 62.78 | 62.6 | 62.3 | 61.05 | 58.28 |
| Mumbai | 63.87 | 63.67 | 63.27 | 61.05 | 61.67 |
| Chennai | 63.35 | 63.15 | 62.83 | 61.5 | 59.22 |
Saturday’s hike included, diesel prices have been raised by 48-60 paise per litre and petrol by 15-16 paise per litre in the New Year 2018. Petrol rates witnessed an addition of Rs. 0.72 to Rs. 1.35 per litre across the four major cities in December 2017. Diesel prices – in Delhi, Kolkata, Mumbai and Chennai – rose by Rs. 1.31-Rs. 2.3 during this period.
Oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation revise the rates based on global oil prices and foreign exchange rates.
OMCs adapted a daily revision system for petrol and diesel prices on June 16 last year.
Since then, petrol rates have risen by Rs. 3.22 per litre in Delhi, Rs. 3.36 per litre in Kolkata and Rs. 2.76 in Chennai. Diesel prices have increased by Rs. 4.18 per litre in Delhi, Rs. 4.5 per litre in Kolkata, Rs. 2.2 per litre in Mumbai and Rs. 4.13 per litre in Chennai. In Mumbai, however, petrol price has come down by Rs. 0.42 per litre during this period, according to the Indian Oil website.
Previously, petrol and diesel rates were reviewed on a fortnightly basis across the country.
Global crude oil prices fell on Friday, dropping from highs last seen in 2015.
Meanwhile, aviation turbine fuel (ATF) prices – jet fuel prices – were hiked to Rs. 57,460 per kilolitre in Delhi, Rs. 62,083 per kilolitre in Kolkata, Rs. 57,133 per kilolitre in Mumbai and Rs. 60,640 per kilolitre in Chennai. The new prices, for domestic airlines, were applicable from January 1, 2018, according to Indian Oil. Previously, the rates were at Rs. 57,349 per kilolitre in Delhi, Rs. 61,699 per kilolitre in Kolkata, Rs. 56,636 per kilolitre in Mumbai and Rs. 60,258 per kilolitre in Chennai.
