Petrol, Diesel Price Hiked For The 4th Straight Day

Petrol and diesel prices were hiked for the fourth straight day, even as prices of global crude were marginally higher.

Petrol price in New Delhi on November 23, 2020 was at Rs 81.53, as against Rs 81.06 on November 19, 2020 in New Delhi. Diesel prices too have moved in tandem with the prices increasing across all cities.

In Bangalore petrol prices moved higher from Rs 83.69 on November 18 to Rs 84.25 per litre on November 23, 2020.

Almost all of the cities seem to have a uniform increase in rates when prices are hiked. Take a look at how prices have increased of petrol have increased in major cities in the last few days:

	Petrol price on Nov 18	Petrol price on Nov 23
Bangalore	Rs 83.69	Rs 84.25
Hyderabad	Rs 84.25	Rs 84.80
New Delhi	Rs 81.06	Rs 84.53
Chennai	Rs 84.14	Rs 84.59
Kolkata	Rs 82.59	Rs 83.10
Mumbai	Rs 87.74	Rs 88.23

Retail prices in India tend to move in tandem with prices that are seen in the global markets. If rates are higher in the global markets, they tend to move higher in the major Indian cities. Prices of diesel and petrol differ in various Indian cities because of the local levies and taxes.