Petrol, Diesel Rates Remain Steady For 33 Days In A Row. See Rates

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

New Delhi:

There was no change in the prices of petrol and diesel in metro cities for the 33rd consecutive day on Monday. In Delhi, a liter of petrol costs Rs 105.41 while diesel costs Rs 96.67 per litre.

Fuel 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.

At present, petrol is being sold in Mumbai at Rs 120.51 per liter, while diesel is being sold for Rs 104.77.

Petrol in Chennai now costs Rs 110.85, while diesel costs Rs 100.94. In Kolkata, petrol is being sold for Rs 115.12 and diesel for Rs 99.83.

Mumbai has the highest fuel prices among all the four metro cities. Rates vary from state to state due to Value Added Tax (VAT).

Click Here to Check Fuel Rates in Metros, Other Cities

Rates remained stagnant for more than four months, despite a spurt in crude oil prices amid assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.

State-run oil refiners such as Indian Oil Corp, 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 prices rose today after the Group of Seven (G7) countries committed to phase out Russian oil imports over time. After an early drop, Brent was last up 32 cents at $112.71, while US crude was up 19 cents to $109.96.

Source

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