Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT).
Petrol Diesel Rates Today: Petrol and diesel rates were unchanged across the four metros on Thursday, April 8, 2021. In Delhi, petrol prices were steady at Rs 90.56 per litre and diesel was unchanged at Rs 80.87 per litre, according to Indian Oil Corporation. In Mumbai, fuel prices are the highest among all four metro cities. Petrol is sold at Rs 96.98 per litre and diesel at Rs 87.96 per litre in Mumbai, according to the state-run oil refiner. Petrol and diesel prices vary across states due to value-added tax (VAT).
Here are the latest petrol and diesel prices across the four metros:
State-run oil marketing companies – Bharat Petroleum, Indian Oil Corporation, as well as Hindustan Petroleum – align the prices of domestic fuel with global crude rates by taking into account any revisions in foreign exchange rates. Any changes in fuel rates are implemented with effect from 6 am each day.
Meanwhile, oil futures inched higher on Wednesday on an improving global economic outlook, but gains were capped by rising gasoline inventories and fears that new coronavirus outbreaks will weaken a global recovery in fuel demand.
Brent crude futures settled at $63.16 a barrel, up 42 cents, or 0.7 per cent. U.S. West Texas Intermediate crude settled at $59.77 a barrel, gaining 44 cents, or 0.7 per cent.