Petrol Price Goes Ahead Rs 85 Per Litre

  • 07-Jan-2021
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In Bhubaneswar, Petrol price Rs. 84.61 per litre, on Thursday. Petrol price in the national capital hit an all-time high of Rs 84.2 per litre on Thursday after oil marketing companies hiked the price of petrol by 23 paise per litre. Diesel prices were also hiked by 24 paise to Rs 74.38 per litre. Oil marketing companies had also hiked the prices of petrol by 26 paise per litre and that of diesel by 25 paise per litre on Wednesday after holding prices constant for 30 days.

The price of petrol in Delhi previously hit the Rs 84 per litre mark in October 2018 when international crude prices were above $80 per barrel. Brent crude is currently priced at $54 per barrel, its highest level since the crash in crude oil prices due to the Covid-19 pandemic in March. A decision by Saudi Arabia to cut crude oil output by one million barrels per day in February and March has also contributed to the hardening of crude oil prices.