Petrol and diesel price today 16 August 2021: Rates unchanged for a month; check price in Delhi, Mumbai here

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August 16, 2021 8:43 AM

Petrol and Diesel Price Today in India: Petrol and Diesel rates on August 16 have been left unchanged. Rates in Mumbai, Delhi, other metro cities are constant for the last one month.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in IndiaPetrol and diesel prices are the same for the last once month now. (Image: REUTERS)

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices have not been revised by oil market companies for the last one month now. Today, petrol in the national capital costs Rs 101.84 per litre, while Diesel in the capital city is retailing at Rs 89.87 per litre. Fuel prices have increased 41 times since May 4, now sitting at all-time highs. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has surged Rs 10.80 per litre since rates were first hiked more than 3 months back. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.

Mumbai’s petrol cost is the highest across metro cities, standing at a staggering Rs 107.83 per litre. Diesel in the country’s financial capital costs Rs 97.45 per litre. The divergence in prices between Delhi and Mumbai is due to various local VAT factors in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT. Petrol has crossed the Rs 100-a-litre mark in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, and some cities of Bihar and Punjab.

Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Hyderabad, UP, Punjab, Haryana, Pune

-Chennai: Petrol prices – Rs 102.49 per litre; Diesel prices – Rs 94.39 per litre
-Kolkata: Petrol prices – Rs 102.08 per litre; Diesel prices – Rs 93.02 per litre
-Pune: Petrol prices – Rs 107.39 per litre; Diesel prices – Rs 95.54 per litre
-Bengaluru: Petrol prices – Rs 105.25 per litre; Diesel prices – Rs 95.26 per litre
-Hyderabad: Petrol prices – Rs 105.83 per litre; Diesel prices – Rs 97.96 per litre
-Noida (UP): Petrol prices – 99.02 per litre; Diesel prices – Rs 90.34 per litre
-Mohali (Punjab): Petrol prices – Rs 103.85 per litre; Diesel prices – 92.81 per litre
-Chandigarh: Petrol prices Rs 97.93 per litre; Diesel prices – Rs 89.50 per litre
-Gurugram (Haryana): Petrol prices – Rs 99.46 per litre; Diesel prices – Rs 90.47 per litre

Crude Oil price

Crude oil prices were down on Monday morning as fear of reduced demand amid rising covid-19 cases caught investors. Brent crude futures were trading at $69.79 per barrel on Friday. U.S. West Texas Intermediate futures were at $67.63 a barrel, according to Reuters. Last week WTI crude oil rates saw the biggest weekly decline in nine months while this week crude oil is set to end with marginal gains. 

“WTI CRUDE OIL prices continue to trade within a rising channel pattern on the weekly chart and the prices are currently settled near its lower band of the pattern. And the lower band of the pattern is supported with a 21- day exponential moving average which is acting as an anchor point for the prices. By contrast, the Organization of the Petroleum Exporting Countries (OPEC) on Thursday stuck to its forecast for a rebound in global oil demand this year and further growth in 2022, notwithstanding the rising concern over surges in COVID-19,” said Rohan Patil, Technical Analyst, Bonanza Portfolio.

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