Petrol and diesel prices were unchanged in metro cities on Tuesday for the 27th consecutive day. In Delhi, a liter of petrol costs Rs 105.41 while the diesel rate is Rs 96.67 per litre.
Fuel tariffs were last increased by 80 paise per liter on April 6, the 14th increase since March 22, making petrol and diesel 10 rupees per liter respectively more expensive.
Currently, petrol is currently sold for Rs 120.51 per liter in Mumbai while diesel is sold for Rs 104.77.
Petrol now costs Rs 110.85 in Chennai while the diesel price is Rs 100.94. In Kolkata, petrol is sold for Rs 115.12 and diesel for Rs 99.83.
Fuel prices are highest in Mumbai of all four metro cities. Rates vary from country to country due to value added tax (VAT).
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Tariffs remained stable for more than four months despite the spike in crude oil prices during parliamentary elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.
State-run oil refineries such as Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum revise fuel tariffs daily, taking into account crude oil prices in international markets and exchange rates of the rupee and dollar. Any changes in fuel prices will be implemented daily from 6am.
India is 85 percent dependent on imports to meet its oil needs and domestic gasoline and diesel prices are linked to international tariffs.
Globally, oil prices fell after recording gains in the previous session. Brent crude futures fell 6 cents, or 0.06 percent, or $107.52 a barrel, while US West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.09 percent, to $107. 105.08 per barrel.