Petrol, Diesel Prices Remain Steady On Monday

In Delhi, the price of petrol was at Rs 81.06 per litre and diesel at Rs 70.46 per litre on October 5- the same levels as the previous day.

Petrol, Diesel Prices Remain Steady On Monday

Currently, petrol and diesel prices are determined broadly by crude oil and forex rates.

State-run oil marketing companies held the prices of petrol and diesel at existing levels on Monday i.e. October 5. In Delhi, the price of petrol was at Rs 81.06 per litre and diesel was Rs 70.46 per litre on October 5 - the same levels as the previous day. Currently, state-run oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum review domestic fuel rates on a daily basis, and make adjustments with effect from 6 am every day to align them with international oil rates and the foreign-exchange rate. Petrol and diesel rates vary in different parts of the country due to local taxes. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)

Here are the prices of petrol and diesel (in rupees per litre) in the four metros on October 5:

CityPetrolDiesel
Delhi81.0670.46
Mumbai87.7476.86
Chennai84.1475.95
Kolkata82.5973.99
Source: Indian Oil

The three state-run companies account for the majority of petrol and diesel stations in the country.

Meanwhile, oil prices rose more than 1 per cent on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm.

Brent rose to $39.79 a barrel, gaining 52 cents or 1.3 per cent and U.S. West Texas Intermediate (WTI) crude was at $37.64 a barrel, up 59 cents or 1.6 per cent by 0140 GMT.