After witnessing another hike on Sunday, fuel prices remained the same across the country on Monday. Petrol and diesel prices have been increased 15 times this month. Fuel prices are revised on a daily basis by Oil Marketing Companies (OMCs) like Shell, Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation Limited as per the benchmark international price and foreign exchange rates. . (IOCL), and Essar.
The retail price of a liter of petrol in the national capital is Rs 98.46, while that of a liter of diesel is Rs 88.90. Mumbai continues to sell fuel at the highest rate among all metro cities in the country. The price of petrol has reached Rs 104.56 per liter in the financial capital of the country. The retail price of diesel has reached Rs 96.42 per liter. Following the trend, Kolkata and Chennai also witnessed an increase in fuel prices on Sunday. The retail price of a liter of petrol in the capital of West Bengal is Rs 98.30 while that of a liter of diesel is Rs 91.75. In Chennai, the price of petrol touched close to Rs 100, with a liter costing Rs 99.49. The price of diesel reached Rs 93.46 per litre.
Apart from Mumbai, the price of petrol has crossed Rs 100 per liter in some places of Madhya Pradesh, Maharashtra, Punjab, Jammu and Kashmir, Andhra Pradesh, Telangana, Karnataka, Rajasthan, Odisha, Tamil Nadu, Ladakh and Bihar. . There are many factors affecting the price of petrol and diesel across the country such as value added tax (VAT), rupee-dollar exchange rate, freight charges, local tax and more.
International crude oil prices rose on Monday as global demand for the commodity faced a recovery. Factors such as increased international demand, or lower production rates affect crude oil prices globally.
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