New Delhi April 3: Even as state-run fuel retailers left petrol and diesel prices untouched for almost 18th day, cities such as Mumbai, Bengaluru and Kolkata will witness a hike by Re 1- ₹1.5 a litre from this month as a result of hike in VAT. Mumbai and Kolkata will witness a rise of Re 1 for both petrol and diesel, while in Bengaluru the price of petrol is up by Rs 1.58 a litre and diesel by Rs 1.55 a litre.
From April onwards, fuel retailers are supplying BS-VI grade fuel equivalent to Euro-VI fuel. The fuel upgrade to the tune of ₹35,000 crore may have also impacted a Re 1 hike in fuel rates, but the cost was mitigated by the current slump in crude oil rates.
In Delhi, a litre of petrol is priced at Rs 69.59 per litre and diesel at Rs 62.29 per litre. In Mumbai, petrol is selling at Rs 76.31 per litre and diesel at Rs 66.21 per litre. In Chennai, a litre of petrol will cost Rs 72.28 per litre whereas diesel is now priced at ₹65.71 per litre. In Bengaluru, petrol is now selling at Rs 73.55 and diesel at Rs 65.96. In Hyderabad, petrol pumps are charging Rs 73.97 for petrol and Rs 67.82 for diesel. If you are in Gurgaon, you will have to shell out Rs 70.21 for petrol and Rs 62.08 for diesel. In Kolkata, petrol pumps are charging Rs 73.30 for petrol and Rs 65.62 for diesel.
Brent crude futures fell 3 per cent to $29.05 on Friday. So far this year, oil rates are slashed 60 per cent as a result of coronavirus outbreak slashing demand.
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