Petrol & Diesel Prices Shoot Up For The 20th Day, Cross Rs 80 Mark, Check The Revised Rates Here

The petrol and diesel prices were increased by 19-21 and 15-17 paise per litre respectively across the metro cities, compared with the previous day's rates, according to data from Indian Oil Corporation.

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New Delhi: Petrol and diesel prices continue to rise for the 20th consecutive day. Following the fresh hike, Diesel is now priced at Rs 80.19 per litre in the national capital, higher by 17 paise over its Wednesday price while petrol price in Delhi was hiked to Rs 80.13 per litre, increase by 0.21 paise. ALSO READ|Delhi & Maharashtra Among 5 States To Get 1st Batch Of Covid-19 Drug 'Covifor', Know Cost And Availability Here In Mumbai, the price of petrol stood at Rs 86.91 per litre and diesel at Rs 78.51 per litre. The price of petrol was revised to Rs 81.82 per litre in Kolkata, while the price of diesel was lowered to Rs 75.34, data from Indian Oil Corporation showed. In the last twenty days, petrol price has gone up by Rs 8.87 per litre and diesel by Rs 10.56 a litre. Following is the revised rate list:

City	Petrol/litre	Diesel/litre
Delhi	80.13	80.19
Mumbai	86.91	78.51
Kolkata	81.82	75.34
Chennai	80.37	77.44
Lucknow	80.75	72.18
Bengaluru	82.74	76.25
Patna	83.08	77.14

Diesel Costlier Than Petrol Rates differ from state to state depending on the incidence of value-added tax (VAT).  However, diesel is costlier than petrol only in the national capital where the state government had raised local sales tax or VAT on the fuel sharply last month. It costs less than petrol in other cities.  VAT on petrol was increased by Rs 1.67/litre while diesel was increased by Rs 7.10/litre The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis and any revision is implemented from 6 am in the morning. Fuel prices have been increasing since June 7 when oil companies began the daily price revision mechanism after a hiatus of 83 days during the lockdown. Prices of transportation fuel were last revised under the dynamic pricing policy on March 16 and there were few instances of price hike later only when the respective state governments hiked VAT or cess. Also watch|Know status of Indo-Bangladesh border