No Change In Petrol, Diesel Prices On Thursday

In Delhi, the price of petrol was Rs 81.06 per litre and diesel was Rs 70.46 per litre on October 29 and in Mumbai, petrol and diesel rates were Rs 87.74 per litre and Rs 76.86 per litre respectively.

No Change In Petrol, Diesel Prices On Thursday

Fuel Prices: Domestic petrol and diesel prices vary from state to state due to value added tax (VAT).

Domestic petrol and diesel rates remained at existing levels on  Thursday. That marked a 27th straight day of steady prices of petrol and 37th in case of diesel. Currently, petrol and diesel prices vary in different parts of the country due to taxes. State-run oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation review the fuel rates on a daily basis, and implement any changes in domestic fuel prices with effect from 6 am, aligning them with crude oil and rupee-dollar forex rates.

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

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

In Delhi, the price of petrol was Rs 81.06 per litre and diesel was Rs 70.46 per litre on October 29. In Mumbai, petrol and diesel 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)

The three state-run companies account for the majority of fuel stations in the country.

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Meanwhile, oil prices fell more than 5 per cent on Wednesday, sending brent to a four-month low as surging coronavirus infections in the United States and Europe prompted renewed lockdowns and fed expectations for new declines in fuel demand.

Brent futures fell $2.08, or 5.1 per cent, to settle at $39.12 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $2.18, or 5.5 per cent, to $37.39.