petrol and diesel prices rose for the third day in a row on Thursday. petrol prices in delhi rose by 25 paise per liter, diesel by 55 paise. The latest wave of price hikes was caused by a nearly 1% increase in global crude oil prices.

Mumbai residents will have to pay Rs 97.34 for a liter of petrol. A liter of diesel costs Rs 88.49, 30 paise higher than the previous day's price. petrol at the pump in kolkata was increased by 22 paise to Rs 91.14 per liter.

After an 18-day break, OMCs resumed regular price revision in line with cost on tuesday (May 4).

Petrol prices in Rajasthan's Sri Ganganagar and madhya pradesh surpassed Rs 100 for the first time in February. It's important to remember that the price of gasoline and diesel at the pump varies by state, depending on the level of local taxation (VAT). Currently, federal and state taxes account for more than 61 percent of the price of gasoline and more than 56 percent of the price of diesel.

Brent crude futures were trading at $63.93 per barrel on thursday in the global oil market, down 41 cents (0.6 percent) from their previous close. WTI crude futures fell 62 cents, or 1%, to $62.26 per barrel.

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06/05/2021 10:38 AM