petrol And diesel prices There was no change across the country on Tuesday, September 7, two days after marginally cutting rates for the second time this month. After reducing the retail price of petrol by 13 to 15 paise per liter while the rates of diesel were reduced by about 15 paise, state-owned oil marketing companies (OMCs) on Sunday, September 5, 2021, on Tuesday Haven’t made any changes. Prior to that change, rates for petrol were cut by 10 to 15 paise, while diesel rates were slashed by 14 to 15 paise on Wednesday, September 1, 2021.
As per the latest price notification by the OMCs, the price of petrol in the national capital is fixed at Rs 101.19 and that of diesel at Rs 88.62 per litre.
At the same time, the price of petrol in Mumbai has been fixed at Rs 107.26 per liter and that of diesel at Rs 96.19 per liter. Notably, even after the double revision, Mumbai has the highest fuel prices among the four major metros.
Petrol in Kolkata costs Rs 101.62 per liter and diesel costs Rs 91.71 per liter. Petrol pump in Chennai, the capital of Tamil Nadu, is selling at Rs 98.96 per liter and diesel at Rs 93.26 per liter.
The price of both the auto fuels depends on the price of crude oil in the international market as well as the foreign exchange rates. State-run OMCs like Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) revise prices daily and any changes are made effective from 6 AM onwards. It should be noted that fuel prices in India vary from state to state due to Value Added Tax or VAT and other taxes. The bulk of the final retail price comes from excise duty, value added tax (VAT) and central government taxes, cess.
Meanwhile, in international markets, oil prices remained volatile, as investors grappled with demand concerns after Saudi Arabia sharply cut crude oil contract prices for Asian markets, Reuters reported.
https://www.reuters.com/business/energy/oil-wobbles-demand-woes-stalk-market-after-saudi-price-cuts-2021-09-07/
After falling 39 cents on Monday, Brent crude futures for November climbed 4 cents, or 0.1%, bringing the final price to $72.26 a barrel by 0056 GMT.
Meanwhile, US West Texas Intermediate crude for October closed at $68.88 a barrel, down 41 cents, or 0.6 percent, from Friday’s close, with no settlement price for Monday due to the Labor Day holiday in the United States, the report reported. further stated.
Here are the petrol and diesel prices in all major cities of India:
-Delhi
Petrol – Rs 101.19 per liter
Diesel – Rs 88.62 per liter
Chennai
Petrol – Rs 99.12 per liter
Diesel – Rs 93.26 per liter
-Kolkata
Petrol – Rs 101.62 per liter
Diesel – Rs 91.71 per liter
-Bhopali
Petrol – Rs 109.63 per liter
Diesel – Rs 97.43 per liter
-Hyderabad
Petrol – Rs 105.26 per liter
Diesel – Rs 96.69 per liter
-Bangaluru
Petrol – Rs 104.70 per liter
Diesel – Rs 94.04 per liter
-Lucknow
Petrol – Rs 98.30 per liter
Diesel – Rs 89.02 per liter
-Gandhinagar
Petrol – Rs 98.26 per liter
Diesel – 95.70 per liter
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