Diesel, Petrol prices rise for fourth consecutive day– Check fuel prices in metro cities on November 23, 2020
New Delhi: Fuel costs have been hiked for the fourth consequtive day on Monday by the oil advertising firms.
Petrol and diesel costs that remained unchanged for 48 days, noticed a charge revision on November 20 (Friday), as state-run oil advertising firms hiked gas costs.
Petrol costs have been hiked by 7 paise to Rs 81.53 per litre in Delhi, whereas disel pries have been hiked by 18 paise to Rs 71.25 per litre. Rates differ from state to state relying on the incidence of VAT. Taxes make up for almost two-third of the retail promoting value.
Here is trying on the value distinction of diesel and petrol in 4 metro cities on November 23.
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 81.53 | 71.25 |
| Mumbai | 88.23 | 77.73 |
| Chennai | 84.59 | 76.72 |
| Kolkata | 83.10 | 74.82 |
In September, diesel costs noticed first discount since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) froze charges for 82 days to regulate a document hike in excise responsibility on auto fuels in opposition to falling benchmark price.
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Diesel charges had gone up by Rs 12.55 a litre between June 7, when oil corporations resumed revising costs according to price, and July 25. Diesel value has remained unchanged within the nation since July 25, besides in Delhi the place a discount in VAT lowered the speed by Rs 8.38 per litre. Petrol value went up by Rs 9.17 per litre between June 7 and June 29 earlier than hitting a pause. The revision cycle once more began on August 16 and charges have gone up by Rs 1.51 since then. In all, the petrol value has risen by Rs 10.68 since June 7.
State-owned gas retailers revise charges of petrol and diesel every day primarily based on the common value of benchmark gas within the previous 15 days. US crude rose 0.07% to $42.45 a barrel and world benchmark Brent crude rose 0.33% to $45.11 per barrel, a Reuters report mentioned.
With Agency Inputs
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