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Petrol Prices Set To Finish Month With Gain Of 1.5% In Metros: 10 Things To Know

Domestic petrol and diesel prices, based on crude oil and rupee-dollar forex rates, are currently reviewed by oil retailers on a daily basis.

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Petrol Prices Set To Finish Month With Gain Of 1.5% In Metros: 10 Things To Know

Petrol and diesel prices today: The rates are determined by changes in crude oil and INR-USD forex rates

Petrol and diesel prices were changed marginally on Thursday. With effect from 6 am on March 28, petrol prices stood at Rs 72.81 per litre in Delhi and Rs 78.43 per litre in Mumbai, according to data from Indian Oil Corporation. Diesel prices in Delhi and Mumbai were at Rs 66.39 per litre and Rs 69.54 per litre respectively. Currently, domestic petrol and diesel prices - determined broadly by international crude oil rates and rupee-dollar exchange rates - are reviewed by state-run oil marketing companies on a daily basis. Any revisions are effected at fuel pumps at 6 am.
Here are 10 things to know about the petrol and diesel rates today:
  1. On Thursday, petrol prices in Delhi and Mumbai were reduced by 5 paise per dollar compared with the previous day. Diesel rates were lowered by 10-11 paise per litre in the two metros. (Also read: How to receive daily petrol, diesel rates on your mobile)
  2. Petrol prices in the four metros - Delhi, Mumbai, Kolkata and Chennai - have been increased in the range of Rs 1.07-1.14 per litre (around 1.5 per cent) so far this month, according to the Indian Oil data.
  3. On the other hand, the diesel rates have been lowered by 61-65 paise per litre.
  4. In Kolkata, petrol and diesel prices stood at Rs 74.89 per litre and Rs 68.18 per litre on Wednesday respectively.
  5. In Chennai, the rates were at Rs 75.62 per litre and Rs 70.15 per litre respectively, according to the Indian Oil website.
  6. Petrol and diesel prices are determined broadly by the rates of crude oil overseas and rupee-dollar in the forex market.
  7. The fuel rates vary from city to city and from pump to pump, depending on local taxes and transportation cost.
  8. Brent crude futures - the international benchmark for crude oil - were last seen trading 0.3 per cent lower at $67.63 per barrel on Thursday, a day after declining 0.2 per cent. 
  9. Till Wednesday, global crude oil rates have declined 22.4 per cent since the October high of $86.74 a barrel. 
  10. During Wednesday's session, the rupee declined by as much as 23 paise to touch 69.11 against the dollar at the day's weakest point.

(With agency inputs)



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