State-run oil marketing companies lowered the prices of petrol and diesel marginally on Friday. In Delhi, the rate of petrol was revised to Rs 81.14 per litre from Rs 81.40 per litre with effect from 6 am on September 18, whereas that of diesel was brought down by 35 paise to Rs 72.02 per litre, according to notifications from Indian Oil Corporation (IOC), the country's largest fuel retailer. In Mumbai, the price of petrol was cut to Rs 87.82 per litre, from Rs 88.07 per litre, and that of diesel to Rs 78.48 per litre, from Rs 78.85 per litre. (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 18:
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 81.14 | 72.02 |
| Kolkata | 82.67 | 75.52 |
| Mumbai | 87.82 | 78.48 |
| Chennai | 84.21 | 77.40 |
| Source: Indian Oil | ||
Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - which account for the majority of fuel stations in the country - currently review the prices of petrol and diesel on a daily basis, and implement any revisions at fuel stations with effect from 6 am.
Domestic fuel prices are determined by factors such as the rates of global crude oil and the rupee-dollar currency exchange, and vary in different parts of the country due to local taxes.
Meanwhile, the rupee appreciated 0.27 per cent to close at 73.45 against the US dollar on Friday.
Brent crude futures - the global benchmark for crude oil - declined on Friday, quoting within a range of $42.53-43.80 per barrel, as against their previous close of $43.30 per barrel.
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