Amid COVID-19 Crisis Petrol & Diesel Prices Go Up Again for 3rd Straight Day

NEW DELHI: Fuel prices continued their upward rally for the third successive day across the country as state-controlled oil marketing companies (OMCs) hiked prices of transportation fuels by 20-30 paise per litre across major cities of the country.

On Tuesday, petrol and diesel prices were increased by 15 paise and 18 paise per litre. Yesterday, oil companies increased the price of litre petrol by 19 paise, while the price of diesel went up by 21 paise for every litre. Read more

Meanwhile, today's petrol price in Guwahati stands at Rs 87.75 (6th May 2021) and that of diesel at Rs 82.07 (6th May 2021)

Today's hike has taken petrol price in Mumbai closer to the Rs-100-per-litre mark. Diesel price too is inching closer to the Rs-90-per litre mark in the city. From today, Mumbai will have to pay ₹ ₹97.34 for a litre of petrol and a similar amount of diesel will cost Rs 88.49.

Fuel prices have largely remained constant since March 24, barring a couple of marginal reductions, till May 3. Incidentally, on May 2, India saw the end of assembly elections in five states which had begun in the last week of March. In fact, the fuel price revision was put on hold by oil companies for about 18 days before the first hike a day after the poll results were announced. Read more

Earlier, petrol and diesel prices increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre respectively so far this year. With global crude prices at over $ 66 a barrel mark, OMCs may have to revise fuel prices upwards again if there is any further firming up.