Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT).
Petrol, Diesel Prices Today: Petrol and diesel prices remained unchanged across the four metros for 19 days in a row on Thursday, March 18. The state-run oil refiner Indian Oil Corporation had last raised fuel prices on February 27 to an all-time high of Rs 91.17 in the national capital. Since then, fuel rates have been steady across the four metro cities. As of now, the highest fuel prices are in Mumbai where petrol is at Rs 97.57 per litre and diesel at Rs 88.60 per litre. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Here are the latest petrol and diesel prices across the four metros:
The oil marketing companies – Bharat Petroleum, Indian Oil Corporation and Hindustan Petroleum align the rates of domestic fuel with the global benchmarks, by taking into account any revisions in the foreign exchange rates. Any changes in fuel rates are implemented with effect from 6 am each day. The domestic petrol and diesel prices vary across states due to the value-added tax (VAT).
Meanwhile, oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.
Brent crude was down 12 cents, or 0.2 per cent, at $67.88 a barrel after dropping by 0.6 per cent on Wednesday. U.S. oil was also down 12 cents or 0.2 per cent at $64.48 a barrel, having fallen 0.3 per cent in the previous session.