Petrol price hike: Cost of petrol in your city
Petrol price will vary from city to city due to differential rates of local sales tax. This is the second hike in four months.
By Agencies | Updated:
NEW DELHI: Government oil companies hiked petrol price by Rs 3.14-3.32 per litre after decline in rupee's exchange value increased the cost of buying crude oil and widened losses from fuel sales.
Petrol price will vary from city to city due to differential rates of local sales tax. This is the second hike in four months. Oil companies had last hiked petrol price by Rs 5 per litre on May 15.
IOC, BPCL and HPCL lost Rs 2,450 crore this fiscal on selling petrol below the cost.
Besides petrol, the three firms are losing Rs 263 crore per day on selling diesel, domestic LPG and kerosene below cost. Diesel is being sold at a subsidy of Rs 6.05 a litre, kerosene at Rs 23.25 per litre while domestic LPG rates are under-priced by Rs 267 per 14.2-kg cylinder.
Following are the revised rates of petrol in the four metros after today's decision to hike prices by over Rs 3 per litre:
RATES (in Rs/Litre)
Petrol price will vary from city to city due to differential rates of local sales tax. This is the second hike in four months. Oil companies had last hiked petrol price by Rs 5 per litre on May 15.
IOC, BPCL and HPCL lost Rs 2,450 crore this fiscal on selling petrol below the cost.
Besides petrol, the three firms are losing Rs 263 crore per day on selling diesel, domestic LPG and kerosene below cost. Diesel is being sold at a subsidy of Rs 6.05 a litre, kerosene at Rs 23.25 per litre while domestic LPG rates are under-priced by Rs 267 per 14.2-kg cylinder.
Following are the revised rates of petrol in the four metros after today's decision to hike prices by over Rs 3 per litre:
RATES (in Rs/Litre)
ADVERTISEMENT
| City | Old price | Revised price | Increase |
| Delhi | 63.70 | 66.84 | 3.14 |
| Kolkata | 67.99 | 71.28 | 3.29 |
| Mumbai | 68.62 | 71.92 | 3.30 |
| Chennai | 67.50 | 70.82 | 3.32 |
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Related Articles
Petrol price hiked up to Rs 108, CNG in Delhi at Rs 79: How much extra you now need to pay for your car; Petrol Vs CNG comparisons for Delhi, Mumbai, Kolkata, Chennai2026-05-15T11:54:27Z- Petrol Price Hike: The crude shock logic that will make Indians pay a higher price2026-05-15T03:56:11Z
- Petrol price hike to PKR 459 sparks protests in Pakistan, forces Shehbaz government to roll back2026-04-05T02:11:52Z
ADVERTISEMENT
