Petrol Price Breaches All-Time High; Tops Rs 85.09/Litre In Odisha

Bhubaneswar: Petrol prices in Odisha were today hiked by 25 paise to an all-time high of Rs 85.09 per litre after a hiatus of around a week.

Similarly, diesel prices touched Rs 81.29 following a hike of 27 paise per litre.

In the national capital, the price of petrol were increased by 25 paise from Rs 84.20 per litre to Rs 84.45 per litre and diesel was hiked by a similar amount from Rs 74.38 per litre to Rs 74.63 per litre, according to Indian Oil Corporation, the country’s largest fuel retailer. In Mumbai, the revised petrol and diesel prices stood at Rs 91.07 per litre and Rs 81.34 per litre respectively.

Petrol price had hit all-time high in Delhi on January 7 as state-owned oil marketing companies hiked rates after 29-day hiatus. Petrol price was raised by 23 paise per litre and diesel by 26 paise a litre in the state capital, according to a price notification from oil marketing companies on January 7. After this increase, petrol in Delhi climbed to Rs 84.20 per litre from Rs 83.97 previously. Diesel rates rose to Rs 74.38 per litre from Rs 74.12.

Oil marketing companies – Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum align the prices of domestic fuel with global benchmarks by taking into account alterations in the foreign exchange rates.

Any changes in fuel prices are implemented with effect from 6 am every day.

The fuel rates vary from state to state in the country due to the value-added tax or VAT.

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