Petrol, Diesel Prices Today: The petrol and diesel prices were steady on Sunday, February 28, after touching new record highs yesterday. Fuel rates were hiked yesterday after a gap of three days. In Delhi, the price of petrol was steady at Rs 91.17 per litre and diesel was untouched at Rs 81.47 per litre, according to Indian Oil Corporation, the country's largest fuel retailer. Meanwhile, in Mumbai, the petrol and diesel rates are at Rs 97.57 per litre and Rs 88.60 per litre respectively. At present, among the four metro cities, the fuel rates are the highest in Mumbai. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City)
Here are the current prices of petrol and diesel (in rupees per litre):
|Source: Indian Oil|
After staying unchanged for almost a month, petrol and diesel prices have recorded an upswing since January 6, 2021 The fuel prices have increased due to a rally in global crude oil prices, with the COVID-19 vaccination drives across the world.
Oil marketing companies - Bharat Petroleum, Indian Oil Corporation, as well as Hindustan Petroleum align the rates of domestic fuel with the global benchmarks, by taking into account any alterations in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.
Brent crude futures for April, which expired on Friday, fell 75 cents in the session, or 1.1 per cent, to settle at $66.13 a barrel. The more actively traded May contract slipped by $1.69 to $64.42.