Petrol, Diesel Prices Remain Unchanged
Petrol, Diesel Price Today: Petrol prices kept unchanged on Tuesday, October 12, after the rates were hiked for a period of seven consecutive days. In the national capital, petrol prices on Monday crossed the ₹ 104-mark as they were hiked by 30 paise from ₹ 104.14 per litre to cost ₹ 104.44 per litre, while diesel rates were hiked by 35 paise from ₹ 92.82 to cost ₹ 93.17, according to Indian Oil Corporation.
In Mumbai, petrol crossed the ₹ 110-mark after rates were hiked by 29 paise to cost ₹ 110.41 per litre, while diesel rates were hiked by 37 paise to cost ₹ 101.03 per litre. Among the four metro cities, fuel rates are the highest in Mumbai, according to the state-run oil refiner. The rates vary across the states due to value-added tax or VAT.
Here are the petrol and diesel price across the metro cities:
|Source: Indian Oil|
State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.
Brent crude was down 26 cents, or 0.3%, at $83.39 a barrel, after touching three-year highs on Monday on the way to a 1.5% advance. U.S. oil fell 33 cents, or 0.4%, to $80.19 a barrel, having also gained 1.5% in the previous session, in which it reached the highest in around seven years.