Petrol Breaches ₹ 82/Litre Mark In Delhi, Diesel Above ₹ 72/Litre

The oil marketing companies increased the prices of petrol and diesel today, November 28, in the four metro cities - Delhi, Kolkata, Mumbai, and Chennai. The petrol prices breached Rs 82-mark in the national capital, while diesel surpassed ₹ 72 per litre after a consecutive eighth increase in rates in past nine days. 

In the national capital, the price of petrol was hiked from ₹ 81.89 to ₹ 82.13, while diesel increased from ₹ 71.86 to ₹ 72.13. The petrol rates were hiked by 24 paise per litre and diesel by 27 paise, tracking hopes of a COVID-19 vaccine development, which led to a rally in international oil prices.

In Mumbai, the fuel rates increased marginally from ₹ 88.58 to ₹ 88.81 for petrol, while diesel increased from Rs 78.38 to ₹ 78.66, according to new notifications from the Indian Oil Corporation. The hike in prices comes one day after petrol rates were increased by 30 paise and diesel rates were increased by as much as 45 paise yesterday (November 27).

The oil companies align the domestic rates of petrol and diesel with the global benchmarks upon considering the changes in the foreign exchange levels. The state-owned oil marketing firms such as Hindustan Petroleum Corporation, Indian Oil Corporation, Bharat Petroleum hold the majority of the diesel and petro stations across the country. Meanwhile, Indian Oil Corporation is the country's largest fuel retailer. It revises the domestic fuel rates on a daily basis and implement the new rates with effect from 6 am.

Here are the current prices of petrol and diesel in the four metros (in rupees per litre) :

City Petrol Diesel

Delhi 82.13 72.13

Mumbai 88.81 78.66

Chennai 85.12 77.56

Kolkata 83.67 75.70

(Source: Indian Oil)