Much to the dismay of people, the price of petrol and diesel continue their upward march. Today, February 15 marks the seventh straight day of the price hike. Petrol prices increased by 23-26 paise while diesel prices are up by 28-30 across metropolitan cities in the country.
Following today’s hike, petrol price now stands at INR 95.46 while diesel is retailing at INR 86.34.
Meanwhile, in the national capital petrol now costs INR 88.99 a litre while diesel is available for INR 79.35. The fuel prices are presently retailing at their record highs in the country.
In the last seven days, the price has gone up by INR 2.06 per litre for petrol while diesel rate has risen by INR 2.56 a litre.
According to experts and analysts, there is unlikely to be any respite to the common man as crude oil prices are only rising by the day.
Moreover, in Maharashtra's Parbhani, the rate of petrol with additives has crossed the INR 100 mark for a litre. In fact, the cost of petrol in Parbhani is one of the costliest in Maharashtra. This is for the 19th time that petrol and diesel prices have increased in 2021.
The Union government levies INR 32.9 per litre of excise duty on petrol and INR 31.80 a litre on diesel. States charges of VAT also add to the fuel prices.
Besides, the price of liquefied petroleum gas (LPG) domestic cylinder in Delhi has been increased by INR 50 per unit. This is the second price hike in the month of February.
Petrol and diesel prices have been rising since January 6, 2021, after staying unchanged for almost a month. The fuel prices have increased amid a rally in global crude oil prices, with COVID-19 vaccination drives continuing across the world.
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