Fuel prices remained unchanged on Wednesday, November 3, after raising interest rates for 7 consecutive days. According to data from the Indian Petroleum Corporation, the prices of gasoline and diesel in the capital are 110.04 rupees and 98.42 rupees per liter, respectively.
The price of gasoline is now 33.22% higher than the price of aviation turbine fuel (ATF or jet fuel) sold to airlines. The price of ATF in Delhi is US$82,638.79 per kilogram, which is approximately Rs 82.6 per liter. In Mumbai, the current price of a liter of gasoline is 115.85 rupees, and the price of diesel is 106.62 rupees per liter.
The price of gasoline in Chennai is higher than Rs 106 per liter, and the current price is Rs 106.66 per liter; while the price of diesel is 102.59. According to state-owned refiners, 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.
State-owned refiners such as Indian Petroleum Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation 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