State-run oil marketing companies, including Indian Oil Corporation, kept the prices of petrol and diesel unchanged across the metros on Wednesday. The price of petrol was left unchanged at Rs 80.43 per litre in Delhi and Rs 87.19 per litre in Mumbai, while that of diesel was untouched at Rs 81.64 per litre in Delhi and Rs 79.83 in Mumbai. Indian Oil, Hindustan Petroleum and Bharat Petroleum account for the majority of fuel stations in the country. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City).
Here are the latest petrol and diesel prices (in rupees per litre) in the four metros:
|(Source: Indian Oil)|
Currently, diesel costs more in the national capital compared to petrol.
Domestic petrol and diesel prices vary from state to state due to value added tax (VAT).
Oil companies review the rates on a daily basis, based on changes in international crude oil rates and the rupee-dollar foreign exchange rate, and implement any changes with effect from 6 am.
Oil prices fell on Wednesday as industry data showed a bigger- than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world's biggest oil consumer.
Brent crude fell 32 cents, or 0.7 per cent to $44 a barrel by 0156 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 33 cents, or 0.8%, to $41.59.