On Tuesday, November 2, gasoline prices soared to record highs for the seventh consecutive day. In the capital, gasoline prices soared 35 paisa to 110.04 rupees; according to data from the Indian Petroleum Corporation, diesel prices remained unchanged at 98.42 per liter. 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 gasoline price in Chennai is higher than 106 rupees per liter, and the current price is 106.66 rupees per liter; while the diesel price is 102.59 rupees.
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 refineries such as Indian Petroleum Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation adjust their fuel rates daily based on local crude oil prices.
The international market, and the exchange rate of the 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
