Gasoline, Diesel Prices Today: Petrol and diesel prices were unchanged on Thursday after two consecutive increases. A liter of petrol in Delhi now costs Rs 97.01, while diesel is sold for Rs 88.27, according to a price statement from state fuel shops.
In Mumbai, petrol will be sold for Rs 111.67 per litre, while diesel will be sold for Rs 95.85 per litre. Of the metro cities, fuel rates are still the highest in Mumbai. Fuel prices vary from country to country due to VAT.
Prices remained stable for more than four months despite the spike in crude oil prices. The rate review ended yesterday (March 22) with a similar hike.
†Also Read: How to check the latest petrol and diesel rates in your city).
These are the petrol and diesel prices in metro cities:
State-run oil refineries such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel tariffs daily, taking into account crude oil prices in international markets and the exchange rates of the rupee and dollar. Any changes in petrol and diesel 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.
According to CRISIL Research, an increase of Rs 15-20 per liter is needed to fully weather the surge in international oil prices.
Globally, Brent futures were up about 45 cents or 0.4 percent to $122.05 a barrel and US West Texas Intermediate futures rose about 15 cents or 0.2 percent to $115.07 a barrel.