The price of branded or premium petrol in Sriganganagar city of Rajasthan has crossed Rs 100. On Wednesday, petrol and diesel prices rose for the second consecutive day. According to oil marketing companies, on Wednesday, the prices of petrol and diesel across the country were increased by 25 paise per liter. Due to this, the price of petrol in Delhi was Rs 86.30 per liter and in Mumbai it was Rs 92.86.
In the national capital, the price of diesel reached Rs 76.23 per liter and in Mumbai reached Rs 83.03 per liter. Fuel prices vary from state to state. The reason for this is that the state governments impose VAT and other taxes on them according to their own.
Premium Petrol Crosses Rs 100
In Sriganganagar, general petrol sells for Rs 98.40 per liter and premium or branded petrol at Rs 101.15 per liter. Branded petrol is being sold at Rs 89.10 per liter in Delhi and Rs 95.61 in Mumbai.
The main difference between normal ie unbranded and premium fuel grades is the octane number. Common fuels have a low octane number – 87, while premium fuels usually get a 91 octane rating or higher. Octane number is the standard of ignition quality of fuel.
Petrol and diesel prices were increased by 35 paise per liter on Tuesday. Crude oil prices have increased in the international market due to the reduction of additional production of top oil exporter Saudi Arabia and the introduction of Corona vaccine.
Public sector oil marketing companies Indian Oil Corporation Limited (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) resumed daily price revision on 6 January after a gap of about one month. Since then, rates have increased by Rs 2.59 per liter in case of diesel and Rs 2.61 on petrol. Earlier, fuel prices touched record highs on October 4, 2018.
This time, there are no signs of duty cuts on fuel yet. Petrol and diesel prices are revised on a daily basis in line with benchmark international prices and foreign exchange rates.