Petrol prices up by 30 paise, diesel by 35 paise; here's what fuel costs in Mumbai, Delhi, Chennai today

In Delhi alone, petrol prices touched Rs 89.29 a litre, while diesel is selling at Rs 79.70. Similarly in Mumbai, petrol prices touched Rs 95.75 a litre, while diesel was up to Rs 86.72

FP Trending February 16, 2021 16:18:48 IST
Petrol prices up by 30 paise, diesel by 35 paise; here's what fuel costs in Mumbai, Delhi, Chennai today

Representational image. Reuters

Petrol and Diesel prices continue to rise across the country as on Tuesday, 16 February. According to a report by The Indian Express, petrol prices was hiked by 30 paise per litre and diesel saw its price increase by 35 paise.

In Delhi alone, petrol prices touched Rs 89.29 a litre, while diesel is selling at Rs 79.70. Similarly in Mumbai, petrol prices touched Rs 95.75 a litre, while diesel was up to Rs 86.72.

Rajasthan, which levies the highest VAT on fuel in the county had the highest petrol and diesel prices. Despite cutting VAT on petrol and diesel by 2 percent last month, the state has the highest VAT at 36 percent plus Rs 1,500 per kilolitre road cess on petrol.

Petrol prices up by 30 paise diesel by 35 paise heres what fuel costs in Mumbai Delhi Chennai today

According to a report in Business Standard, fuel prices, which vary from state to state depending on local state taxes or VAT are now at a record high in the county. Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates.

Subsequently, on 16 February, in Chennai, petrol reached Rs 91.45, while diesel is selling at Rs 84.77. Similarly, in Bangalore, petrol and diesel prices became Rs 92.28 and Rs 84.49 while in Kolkata, petrol prices reached Rs 90.54 per litre.

According to earlier reports, the development comes amidst Petroleum and Natural Gas Minister Dharmendra Pradhan stating in a reply in Rajya Sabha that the government was not looking at cutting taxes on petrol and diesel.

According to the Business Standard report, the upward trajectory on fuel prices, however, may soon end, with experts opining that fresh lockdown in various parts of the globe on new coronavirus strain may impact demand and push down prices.

Updated Date:

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply

also read

Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das
Business

Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das

Das said that such coordination is needed because both the Centre and states impose taxes on fuel

Petrol crosses Rs 99 per litre, diesel stands at Rs 91 in Rajasthan as prices rise for sixth day
India

Petrol crosses Rs 99 per litre, diesel stands at Rs 91 in Rajasthan as prices rise for sixth day

In Delhi, the price of petrol climbed to Rs 88.73 per litre and diesel soared to Rs 79.06, the official notification said

Day after touching three-digit-mark in Rajasthan, petrol price crosses Rs 100 per litre in MP
Business

Day after touching three-digit-mark in Rajasthan, petrol price crosses Rs 100 per litre in MP

Oil Minister Dharmendra Pradhan recently said that recovery should take 'primacy' over oil prices at least for the next few months