Diesel Prices Cut For Fourth Straight Session On Monday, Petrol Remains Unchanged
Diesel prices were cut by 9-10 paise in metros on Monday, marking a fourth straight day of downward revision, whereas petrol rates were maintained at existing levels. In Delhi, the price of diesel was lowered to Rs 70.71 per litre from Rs 70.94 per litre, with effect from 6 am on September 28, but that of petrol was left unchanged at Rs 81.06 per litre, according to notifications from Indian Oil Corporation. In Mumbai, petrol and diesel rates were Rs 87.74 per litre and Rs 77.12 per litre respectively, on Monday.
Currently, fuel rates vary in different parts of the country due to local taxes. Oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum review the prices of petrol and diesel on a daily basis, and implement any changes with effect from 6 am. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Here are the prices of petrol and diesel (in rupees per litre) in the four metros on September 28:
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 81.06 | 70.71 |
| Mumbai | 87.74 | 77.12 |
| Chennai | 84.14 | 76.18 |
| Kolkata | 82.59 | 74.23 |
| Source: Indian Oil | ||
The three state-run companies revise petrol and diesel rates from time to time to align them with global benchmark oil prices and the rupee-dollar exchange rate.
Oil edged lower on Friday, falling more than 2 per cent on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks.
Brent crude futures settled at $41.92 a barrel, down 2 cents, while U.S. West Texas Intermediate (WTI) crude futures lost 6 cents to $40.25 a barrel. Brent dropped 2.9 per cent for the week and WTI sunk 2.1 per cent.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
