Petrol, Diesel Prices On The Rise Again, Check Prices In Your Cities Here
Indu Bhagat
Pune, 6th May 2021: Crude oil rates have started rising again. While Brent crude oil fell to 69 a barrel, US West Texas Intermediate (WTI) also fell to 65.06 a barrel. With this, Government Oil Companies also increased the price of petrol and diesel for the third day in a row on Thursday. In Delhi, petrol jumped 25 paise to Rs 90.99 per litre on Thursday. Diesel also jumped 31 paise to Rs 81.42 per litre.
According to the data shared by Ali Daruwala, spokesperson of All India dealer Association, prices of Petrol, Diesel and CNG in Pune city today (May 6) are
Petrol 97.04
Power 100.72
Diesel 86.85
CNG 55.50
Also on Wednesday, petrol and diesel prices in the country rose sharply by 19 paise and 21 paise per litre, as oil marketing companies (OMCs) decided to make up for their losses due to 18-day state elections. This was the second increase in fuel prices in several days. As petrol and diesel prices rose by 15 paise and 18 paise per litre on Tuesday after an 18-day break.
With Wednesday’s hike, petrol was now being sold at Rs 90.74 a litre and diesel at Rs 81.12 a litre in the national capital. Oil companies had earlier this month hiked ATF prices by 6.7 percent.
OMCS Benchmark Retail Fuel Prices for Global Refined Products Prices and 15 Day Rolling Average of Dollar Exchange Rates was last modified.
After a 15-day break, the prices of two auto fuels fell by 16 paise and 14 paise per litre on April 15, when OMC kept its prices stable. Following this, the revision in fuel prices has been stopped.
The OMC price was cut for the first time on March 24 and 25 for two consecutive days after keeping oil prices stable for the last 24 days. It lowered the price again on March 30.
Thereafter, fuel prices have remained unchanged for the last 15 days before falling on April 15. All petrol prices have come down by 77 paise per litre while diesel is at 74 paise per litre so far in 2021.
Earlier, petrol and diesel prices had gone and so far this year, both auto fuels have gone up by Rs 7.46 and Rs 7.60 per litre respectively.
OMC will make improvements with global crude oil prices hovering above 69 dollars a barrel, OMC may have to revise fuel prices again if there is any further strengthening.
