Petrol, Diesel Price Today: After rising for five consecutive days, fuel prices remained unchanged on Monday, October 25. According to the Indian Oil Corporation, the rates of petrol and diesel in the national capital were Rs 107.59 and Rs 96.32 per liter respectively.
Currently, the price of petrol is 36.19 per cent higher than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. The ATF price in Delhi is Rs 79,020.16 per kiloliter or roughly Rs 79 per litre.
In Mumbai, a liter of petrol now costs Rs 113.46 and diesel Rs 104.38 per litre. Petrol prices in Chennai remained above Rs 104 per liter and are currently selling at Rs 104.52 per litre; While the price of diesel was Rs 100.59. Of the four metro cities, Mumbai has the highest fuel rates, according to state-run oil refiners. Fuel rates vary from state to state due to Value Added Tax or VAT.
(Too Reading: How to check latest petrol and diesel rates in your city).
Petrol and diesel prices in metro cities are as follows:
State-run oil refiners like Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel rates on a daily basis, taking into account crude oil prices and rupee-dollar exchange rates in international markets. Any change in the prices of petrol and diesel is effective from 6 am every day.
Globally, oil prices edged up, with US crude hitting a seven-year high as oil prices rose, with US crude hitting a seven-year high amid strong demand around the world as economies recover from a slowdown induced by the coronavirus pandemic . Brent crude futures rose 26 cents, or 0.3 per cent, to $85.79 a barrel. US West Texas Intermediate (WTI) crude futures rose 48 cents, or 0.6 per cent, to $84.24 a barrel.