Petrol Prices Unchanged, Diesel Rates Cut After 31 Days

In the national capital, petrol prices were steady at Rs 101.84 per litre and diesel rates were unchanged at Rs 89.87 per litre, according to Indian Oil Corporation

Petrol Prices Unchanged, Diesel Rates Cut After 31 Days

Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT).

Petrol, Diesel Price Today: Fuel prices remained unchanged in all the four metros for the 32nd straight day on Wednesday, August 18, 2021. However, the diesel prices have been cut by 20 paise across the metros after a gap of 31 days. In the national capital, petrol prices were steady at Rs 101.84 per litre, whereas diesel rates were cut by 20 paise from Rs 89.87 per litre to Rs 89.67 per litre, according to Indian Oil Corporation. In Mumbai, the petrol prices stood unchanged at Rs 107.83 per litre, while the revised diesel rates were Rs 97.24 per litre. (Also Read:How To Check Latest Petrol And Diesel Rates In Your City). 

Among the four metro cities, petrol and diesel prices are the highest in Mumbai, according to the state-run oil refiner. Fuel rates vary across the states due to value-added tax (VAT). 

Here are the petrol and diesel price across the metro cities:

Source: Indian Oil Corporation

State-run oil refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel rates on a daily basis, considering the crude oil prices in international markets and the rupee-dollar exchange rates. Any changes in petrol, diesel prices are implemented with effect from 6 am each day.

Meanwhile, oil prices settled lower on Monday, paring steep losses on weak Chinese economic data. Brent crude settled down $1.08, or 1.5 per cent, at $69.51 a barrel and U.S oil fell by $1.15, or 1.7 per cent, to $67.29.