After rising for four consecutive days, fuel prices across the country have hit an all-time high. However, on Monday, October 4, state-run oil marketing companies (OMCs) did not hike the prices of both the major fuels in the country today. In the last 10 days, state-run fuel companies increased the prices of petrol and diesel in the country for a total of eight days. In that period, a liter of diesel and petrol became costlier by Rs 2 and Rs 1 respectively.
Petrol price in the national capital had soared to an all-time high of Rs 102.39 per liter and diesel prices also hit a record high of Rs 90.77 per liter on Sunday, October 3. The prices of both the auto fuels remained the same in Delhi on Monday. .
Currently, the price of petrol in Mumbai is Rs 108.43 per liter while diesel is priced at Rs 98.48 per liter, which is the highest among the four metro cities. Petrol in Kolkata can be bought at Rs 103.07 per liter and diesel at Rs 93.87 per liter. At the same time, petrol in Chennai is Rs 100.01 per liter and diesel is Rs 95.31 per liter.
Fuel prices vary from state to state depending on the incidence of excise duty levied by the central government and VAT and local taxes of state governments. In addition, crude oil prices rose to a three-year high in international markets after recent price hikes by state-owned oil retailers led energy companies to exceed their reserves due to disruptions in international production. was forced to eject.
Crude oil prices fell on Monday in global markets, ahead of the OPEC+ group meeting later in the day. The powerful cartel could decide whether the recent rally in prices can be sustained as the world continues to recover from the COVID-19 pandemic, Reuters reported.
Brent crude was down 24 cents, or 0.3 per cent, at $79.04 a barrel as of 0143 GMT on Monday. It rose 1.5 percent last week, its fourth consecutive weekly gain. In contrast, US West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.4 per cent, to $75.61 after rising for the past six weeks, the report further said.
The prices of diesel and petrol in some cities of the country are as follows:
Mumbai
Petrol – Rs 108.43 per liter
Diesel – Rs 98.48 per liter
Delhi
Petrol – Rs 102.39 per liter
Diesel – Rs 90.77 per liter
Chennai
Petrol – Rs 100.01 per liter
Diesel – Rs 95.31 per liter
Kolkata
Petrol – Rs 103.07 per liter
Diesel – Rs 93.87 per liter
Bhopal
Petrol – Rs 110.63 per liter
Diesel – Rs 99.41 per liter
Hyderabad
Petrol – Rs 106.51 per liter
Diesel – Rs 99.04 per liter
Bangalore
Petrol – Rs 105.95 per liter
Diesel – Rs 96.34 per liter
Guwahati
Petrol – Rs 98.28 per liter
Diesel – Rs 90.25 per liter
Lucknow
Petrol – Rs 99.48 per liter
Diesel – Rs 91.19 per liter
Gandhinagar
Petrol – Rs 99.43 per liter
Diesel – Rs 98.04 per liter
Thiruvananthapuram
Petrol – Rs 104.63 per liter
Diesel – Rs 97.66 per liter
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