Business
Petrol, Diesel Prices Kept Unchanged After Four Straight Days Of Hike
Fuel prices remained unchanged after rising for four consecutive days on October 18 (Monday). According to data from the Indian Petroleum Corporation, the prices of gasoline and diesel in the capital are 105.84 rupees and 94.57 rupees per liter, respectively.
The price of a liter of gasoline is now 33% higher than the price of aviation turbine fuel (ATF or jet fuel) sold to airlines. The price of ATF in Delhi is 79,020.16 rupees per kilo liter or about 79 rupees per liter.
In Mumbai, the current price of a liter of gasoline is 111.77 rupees, and the price of diesel is 102.52 rupees per liter. The price of gasoline in Chennai has exceeded the 103 rupees per liter mark, and the current price is 103.01 rupees per liter.
According to the state-owned refiner, Mumbai has the highest fuel rate among the four metro cities. Due to value-added tax or value-added tax, fuel rates vary from state to state.
Here are the petrol and diesel price across the metro cities:
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 105.84 | 94.57 |
| Mumbai | 111.77 | 102.52 |
| Chennai | 103.01 | 98.92 |
| Kolkata | 106.43 | 97.68 |
State-owned refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum adjust their fuel rates daily based on crude oil prices in the international market and the exchange rate of rupee against the US dollar. Any changes in gasoline and diesel prices will be implemented at 6 o’clock in the morning every day.
News Source : NDTV
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