Petrol and diesel rates were left unchanged at existing levels on Saturday. That marked nearly a month of no change in the prices of petrol in different parts of the country, and five weeks in case of diesel. In Delhi, the price of petrol remained at Rs 81.06 per litre, and diesel at Rs 70.46 per litre, on October 31, according to Indian Oil Corporation notifications. In Mumbai, the rates were Rs 87.74 per litre and Rs 76.86 per litre respectively. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Here are the prices of petrol and diesel in the four metros (in rupees per litre) on Saturday, October 31:
|Source: Indian Oil|
Currently, petrol and diesel prices vary in different parts of the country due to local taxes. State-run oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation - which account for the majority of fuel stations in the country - review the fuel rates on a daily basis.
The three implement any changes in domestic fuel prices with effect from 6 am, aligning them with crude oil and rupee-dollar forex rates.
Meanwhile, crude oil prices eased on Friday, as rising COVID-19 cases in Europe and the US heightened concerns over the outlook for fuel consumption. Global benchmark Brent futures fell 0.50 per cent to $37.46 per barrel on Friday.
The rupee ended 0.32 per cent lower at 74.11 against the US dollar.