The worth of petrol per litre in Mumbai right this moment – at Rs 91.56 – has gone previous the earlier all-time excessive of Rs 91.34 a litre that was recorded on October 4, 2018. Diesel too has not been spared and is priced right this moment at a document Rs 81.87 a litre. Within the nationwide capital the worth of petrol stood at Rs 84.95 per litre with diesel costing Rs 75.13 per litre.
- Petrol costs hiked by 24 paise per litre
- Petrol, diesel costs in Delhi stand at Rs 84.95 and Rs 75.13 per litre, respectively
- Costs hiked by 73 paise and 80 paise per litre for petrol and diesel respectively in final 12 days
The primary fossil gas worth rises in 2021 occurred on January 6-7, adopted by 5 days of ‘relaxation’ – no revision of costs – and two days of improve on January 13-14. On January 14, petrol worth was hiked to Rs 91.32, simply 2 paise shy of the October 4, 2014, document excessive. That has been breached by right this moment’s hike of 24 paise a litre.
| Petrol and diesel costs as on January 18, 2021 | ||
| Metropolis | Petrol worth (per litre) | Diesel worth (per litre) |
| Mumbai | Rs 91.56 | Rs 81.87 |
| Delhi | Rs 84.95 | Rs 75.13 |
| Kolkata | Rs 86.39 | Rs 78.72 |
| Chennai | Rs 87.63 | Rs 80.43 |
Over the previous 12 days, petrol worth has risen by 73 paise a litre and that of diesel by 80 paise a litre. The worth distinction between the 2 fuels is now Rs 9.69 a litre.
For many of December 2020, there have been scarcely any worth hikes in fossil fuels and there was a 27-day aid for motorists as oil advertising and marketing corporations saved petrol and diesel costs unchanged. There was a speedy rise in crude oil costs and Brent crude is right this moment buying and selling at USD 55.42 a barrel, down USD 1.77 from January 14’s USD 57.19 a barrel.
Round end-November 2020, a barrel of crude was USD 44.48, greater than twice the two-decade low when costs had dived to underneath USD 20 a barrel in April 2020. Nonetheless, the Indian motorist by no means received the advantage of decrease costs even when international crude oil costs had plunged. Now, with international oil costs firming, count on a daily rise.
Just like the inventory markets, crude oil costs react to quite a lot of variables, together with provide and demand, financial information and crises like COVID-19. As international locations raise lockdowns and return to manufacturing operations, the necessity for transport operations, significantly as nations race to ship crucial COVID-19 vaccine, the demand for crude oil has risen and resultantly the worth.
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