The oil marketing companies (OMCs) have raised the retail prices of petrol and diesel by around ₹3 per litre and compressed natural gas (CNG) by ₹2 per kg.
The hike in retail prices of transport fuels reflects the losses being incurred by OMCs and comes within days of the conclusion of assembly elections in West Bengal, Tamil Nadu, Assam and Kerala.
With the latest hike, the retail prices of petrol and diesel will now be sold at ₹97.77 and ₹90.67 per litre, respectively, in the national capital.
In Kolkata and Chennai, petrol prices will be ₹108.74 and ₹103.67, higher by ₹3.29 and ₹2.87, respectively, from ₹105.45 and ₹100.80. Similarly, diesel prices in these cities stand at ₹95.13 and ₹95.25, higher by ₹3.11 and ₹2.86 per litre, respectively.
The PSU OMCs — Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) — have been losing around ₹20 per litre on the sale of petrol and around ₹100 per litre on diesel sales due to high oil prices and unchanged retail prices in India.
