Petrol prices remain unchanged at Rs 86.30 in New Delhi, diesel at Rs 76.4

Petrol prices in Mumbai stood at Rs 92.86 per litre-- the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 88.82

Petrol price on Thursday remained stable at Rs 86.30 in the national capital, days after hitting yet another record. Diesel was also unchanged at Rs 76.48 per litre. 

Petrol and diesel prices were hiked by 25 paise per litre each yesterday, according to a price notification from oil marketing companies. This took prices in Delhi to Rs 86.30 per litre and Rs 76.48, respectively.

Petrol prices in Mumbai stood at Rs 92.86 per litre -- the same as yesterday. One litre of diesel will cost Rs 83.30 in the city. In Chennai, petrol remained unchanged to sell at Rs 88.82. Diesel was retailing at Rs 81.71 in the city. 

In Bangalore, petrol and diesel prices stayed at Rs 89.21 and Rs 81.10 respectively. In Kolkata, the retail price of petrol price remained at Rs 87.69.

Rates differ from state to state, depending on value-added tax (VAT). Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates. 

Fuel prices witnessed an uptick in the past week, leading to demands for a cut in excise duty. Earlier, Petroleum Minister Dharmendra Pradhan had said that the fuel prices had gone up because of a lower production in oil-producing nations in the wake of the coronavirus pandemic.

State-owned fuel retailers -- Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- had on January 6, resumed daily price revision after nearly a month-long hiatus.