Petrol, Diesel Prices On Pause For 16 Days In A Row. See Rates

Petrol, Diesel Prices Today: Fuel prices were unchanged for the 16th straight day on Friday across metro cities. The rates were last elevated by 80 paise per litre on April 6, the 14th increase since March 22, which made petrol and diesel costlier by Rs 10 a litre, respectively.

In Delhi, a litre of petrol costs Rs 105.41, while the diesel rate stands at Rs 96.67 per litre.

In Mumbai, petrol is retailed at Rs 120.51 per litre, while diesel is sold at Rs 104.77 per litre.

Petrol now costs Rs 110.85 in Chennai, while diesel price stands at Rs 100.94. In Kolkata, petrol is retailed at Rs Rs 115.12 and diesel is sold at Rs 99.83.

Fuel prices are the highest in Mumbai among all four metro cities. The rates vary across states due to the value-added tax (VAT).

Click Here To Check Fuel Rates Across Metros, Other Cities

Fuel rates were held steady for over four months despite the spike in crude oil prices.

The prices were kept on hold amid the assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.

State-run oil refiners such as Indian Oil Corp, 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 fuel prices are implemented with effect from 6 am every day.

Fitch Ratings has said, IOC, BPCL and HPCL may suffer marketing losses in January-March 2022 quarter for holding petrol and diesel prices despite a rise in cost.

India is 85 per cent dependent on imports to meet its oil needs and, the domestic petrol and diesel prices are linked to international rates.

Globally, oil prices fell today as Brent crude futures slid 81 cents, or 0.8 per cent, to $107.52 a barrel. U.S. West Texas Intermediate (WTI) crude futures declined 72 cents, or 0.7 per cent, to $103.07 a barrel.