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Fuel prices rise for 11th day in a row; petrol crosses Rs 90-mark for first time ever in Delhi
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Fuel prices rise for 11th day in a row; petrol crosses Rs 90-mark for first time ever in Delhi
Feb 18, 2021 11:48 PM

Petrol price on Friday crossed the Rs 90 per litre mark in Delhi after fuel rates were increased for eleventh day in a row. Petrol and diesel prices were hiked by 31-35 paise across metros, according to a price notification of state-owned fuel retailers.

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Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.

After Friday’s price increase, petrol in Delhi costs Rs 90.19 per litre and diesel Rs 80.60. In Mumbai, petrol price rose to Rs 96.62 a litre and diesel was priced at Rs 87.67.

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.

Oil Minister Dharmendra Pradhan had on Wednesday blamed output cut by oil-producing nations for the rally in international oil prices that have translated into higher retail rates in India. He urged Saudi Arabia and other global oil producers to ease production cuts, saying rising international oil prices are hurting economic recovery and demand, according to news agency PTI.

First Published:Feb 19, 2021 8:48 AM IST

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