Gasoline and diesel prices hit record highs after 2-day break

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Fuel Prices: Domestic gasoline and diesel prices vary from state to state due to value added tax (VAT).

Gasoline and Diesel Prices Today: Gasoline and diesel prices hit new records on Tuesday, February 23, after a temporary two-day hiatus. In Delhi the price of gasoline increased by 35 cents from Rs 90.58 per liter to Rs 90.93 per liter and diesel increased by an equal amount from Rs 80.97 per liter to Rs 81. Rs 32 per liter, according to the Indian Oil Corporation, the largest in the country. fuel retailer. Meanwhile, in Mumbai, revised gasoline and diesel prices stood at Rs 97.34 per liter and Rs 88.44 per liter, respectively. Currently, among the four metropolitan cities, fuel prices are the highest in Mumbai. (Read also: How to check the latest gasoline and diesel prices in your city)

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Here are the current gasoline and diesel prices (in rupees per liter):

City Gasoline Diesel
Delhi 90.93 81.32
Bombay 97.34 88.44
Chennai 92.90 86.31
Calcutta 91.12 84.20
Source: Indian oil

Gasoline and diesel prices have been on the rise since January 6, 2021, after remaining unchanged for nearly a month. Fuel prices have risen amid a surge in global crude oil prices, with coronavirus vaccination campaigns across the world.

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Oil marketing companies – Bharat Petroleum, Indian Oil Corporation, as well as Hindustan Petroleum align domestic fuel prices with global benchmarks, taking into account any changes in exchange rates. Any change in fuel prices is implemented from 6 am every day.

Meanwhile, oil prices rose again on Tuesday after surging in the previous session, holding near a more than 13-month high as US production was slow to return after a deep freeze in Texas that shut down crude production last week.

Brent futures were up 28 cents, or 0.4%, to $ 65.52 a barrel at 0102 GMT, while U.S. crude oil rose 14 cents, or 0.2%, to 61 , $ 84 per barrel. Both benchmarks were up nearly 4 percent from the previous session.

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