In Mumbai, petrol prices stood at Rs 107.83 per litre, and diesel is at Rs 97.45 per litre. Petrol and diesel prices are highest in Mumbai among the four metro cities. Fuel prices have increased 41 times since May 4. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has spiked by Rs 10.80 per litre.
State-run oil refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel rates on a daily basis, considering the crude oil prices in international markets and the rupee-dollar exchange rates. Any changes in petrol, diesel prices are implemented with effect from 6 am each day.
Fuel rates vary across the states in India due to value-added tax.
Here's the current revised rate of fuel in different cities.
Petrol price in Mumbai: Rs 107.83 per litre
Petrol price in Delhi: Rs 101.84 per litre
Petrol price in Chennai: Rs 102.49 per litre
Petrol price in Kolkata: 102.08 per litre
|
Rs 103.58 |
Rs 96.24 |
Petrol has crossed Rs 100-a-litre mark in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, and some cities of Bihar and Punjab.
The state-run oil marketing companies - Indian Oil, Bharat Petroleum, and Hindustan Petroleum align the rates of domestic fuel with that of the global crude oil prices by taking into account any changes in the foreign exchange rates.
Crude oil prices rose on Tuesday morning, trimming some losses recorded last week and yesterday. Brent crude futures were trading at $69.34 per barrel on Friday, while, U.S. West Texas Intermediate futures were at $66.91 a barrel, according to Reuters. Last week WTI crude oil rates saw the biggest weekly decline in nine months.