Finance

Petrol and diesel price today 10 August 2021: Rates unchanged for 24th day; check price in Delhi, Mumbai here

Rates have not been hiked so far this month.
(Image: REUTERS)

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The prices of Petrol and Diesel have been left untouched by oil marketing companies for the twenty-fourth consecutive day. Today, petrol in the national capital costs Rs 101.84 per litre, while Diesel in the capital city is retailing at Rs 89.87 per litre. Fuel prices have increased 41 times since May 4, now sitting at all-time highs. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has surged Rs 10.80 per litre since rates were first hiked more than 3 months back. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.

Mumbai’s petrol cost is the highest across metro cities, standing at a staggering Rs 107.83 per litre. Diesel in the country’s financial capital costs Rs 97.45 per litre. The divergence in prices between Delhi and Mumbai is due to various local VAT factors in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT. Petrol has crossed the Rs 100-a-litre mark in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, and some cities of Bihar and Punjab.

Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune

-Chennai: Petrol prices – Rs 102.49 per litre; Diesel prices – Rs 94.39 per litre
-Kolkata: Petrol prices – Rs 102.08 per litre; Diesel prices – Rs 93.02 per litre
-Pune: Petrol prices – Rs 107.39 per litre; Diesel prices – Rs 95.54 per litre
-Bengaluru: Petrol prices – Rs 105.25 per litre; Diesel prices – Rs 95.26 per litre
-Hyderabad: Petrol prices – Rs 105.83 per litre; Diesel prices – Rs 97.96 per litre
-Noida (UP): Petrol prices – 99.02 per litre; Diesel prices – Rs 90.34 per litre
-Mohali (Punjab): Petrol prices – Rs 103.85 per litre; Diesel prices – 92.81 per litre
-Chandigarh: Petrol prices Rs 97.93 per litre; Diesel prices – Rs 89.50 per litre
-Gurugram (Haryana): Petrol prices – Rs 99.46 per litre; Diesel prices – Rs 90.47 per litre

Crude Oil price

Crude oil prices rose on Tuesday morning, trimming some losses recorded last week and yesterday. Brent crude futures were trading at $69.34 per barrel on Friday, while, U.S. West Texas Intermediate futures were at $66.91 a barrel, according to Reuters. Last week WTI crude oil rates saw the biggest weekly decline in nine months. 

“Concerns as countries implement restrictive measures to curb their latest COVID-19 outbreaks continue to cloud the fuel demand outlook. However, the ongoing tensions in the Middle East between Iran and Israel helped cap the black liquid’s losses,” said Rohan Patil, Technical Analyst, Bonanza Portfolio.

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