A day after the sharp hike in fuel prices, petrol, diesel rates remained unchanged as of Wednesday, 29 September. State-owned oil companies had on Tuesday increased petrol prices by 19-25 paise, while diesel rates were increased by 24-27 paise per liter across India. The revision in diesel prices on September 28 was the fourth hike since the previous week, while it was the first hike for petrol. fuel price From 17th July. The latest hike in fuel prices comes after international crude oil prices hit a three-year high.
According to the price notification by state-run oil marketing companies (OMCs), the prices of petrol and diesel in the national capital have increased by 20 and 25 paise per liter respectively. The price of petrol in Delhi is Rs 101.39 while the price of diesel is Rs 89.57 per liter, the prices remain the same on Wednesday morning as well.
In Mumbai, the retail pump petrol price remained unchanged and stood at Rs 107.47 per litre. Diesel price also remained stable and sold at Rs 97.21 per liter in the financial hub. Petrol price in Kolkata is Rs 101.87 while the retail price of diesel is Rs 92.67 per litre. At the same time, petrol is being sold at Rs 99.15 per liter and diesel at Rs 94.17 per liter in Chennai.
Meanwhile, in international markets, crude oil prices fell for the second consecutive day on Wednesday amid rising COVID-19 cases across the world, which could lead to fuel shortages in some sectors.
After falling nearly $2 and touching $80.75 on Tuesday, Brent crude was down $1.03, or 1.3 percent, at $78.06 a barrel by 0130 GMT. Whereas, US West Texas Intermediate (WTI) fell $1.02, or 1.4 percent, to $74.27 a barrel, down 0.2% in the previous session.
Petrol-Diesel prices vary across the country due to Central Excise Duty, State Government has levied VAT, freight charges. State-run OMCs such as Hindustan Petroleum, Indian Oil Corporation and Bharat Petroleum fix new prices based on a ‘dynamic fuel pricing’ mechanism. They revise fuel rates by considering crude oil prices in global markets and foreign exchange rates. Any amendments are implemented every day at 6 am.
The prices of diesel and petrol in some cities of the country are as follows:
Mumbai
Petrol – Rs 107.47 per liter
Diesel – Rs 97.21 per liter
Delhi
Petrol – Rs 101.39 per liter
Diesel – Rs 89.57 per liter
Chennai
Petrol – Rs 99.15 per liter
Diesel – Rs 94.17 per liter
Kolkata
Petrol – Rs 101.87 per liter
Diesel – Rs 92.67 per liter
Bhopal
Petrol – Rs 109.85 per liter
Diesel – Rs 98.45 per liter
Hyderabad
Petrol – Rs 105.48 per liter
Diesel – Rs 98.45 per liter
Bangalore
Petrol – Rs 104.92 per liter
Diesel – Rs 95.06 per liter
Guwahati
Petrol – Rs 97.26 per liter
Diesel – Rs 88.98 per liter
Lucknow
Petrol – Rs 98.51 per liter
Diesel – Rs 89.98 per liter
Gandhinagar
Petrol – Rs 98.46 per liter
Diesel – Rs 96.73 per liter
Thiruvananthapuram
Petrol – Rs 103.63 per liter
Diesel – Rs 96.40 per liter
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