Fuel Rates Remain Steady For Eighth Straight Day. See Rates

In Delhi, a liter of petrol costs Rs 105.41 while diesel costs Rs 96.67 per litre.

Petrol, Diesel Prices Today: Fuel prices remained unchanged for the eighth consecutive day on Thursday in metro cities. Rates were last hiked by 80 paise per liter on April 6, the 14th hike since March 22, which made petrol and diesel costlier by Rs 10 per liter respectively.

In Delhi, a liter of petrol costs Rs 105.41 while diesel costs Rs 96.67 per litre.

Click Here to Check Fuel Rates in Metros, Other Cities

Petrol in Mumbai is being sold at Rs 120.51 per liter, while diesel is being sold at Rs 104.77 per litre. Mumbai has the highest fuel prices among all the four metro cities. Prices vary from state to state due to Value Added Tax (VAT).

Fuel rates remained stagnant for more than four months despite a hike in crude oil prices.

Prices were capped in the midst of assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.

State-run oil refiners like Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel rates on a daily basis, taking into account crude oil prices and rupee-dollar exchange rates in international markets. Any change in fuel prices is effective from 6 am every day.

India is 85 per cent dependent on imports to meet its oil needs and domestic petrol and diesel prices are linked to international rates.

Globally, oil futures were slightly lower today as traders built higher than expected in US oil stocks against consolidating global supplies. US crude fell 0.64 per cent to $103.58 per barrel. Brent crude fell to $108.25 per barrel.

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