There was no change in petrol and diesel prices today, a third day of steady rates. Currently, oil marketing companies – Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation – review the rates on a daily basis. Daily prices changes are applied at petrol and diesel stations with effect from 6 am every day, a system adopted by the three state-run oil companies in June last year. However, petrol prices have been raised by Rs. 1.08 per litre in Delhi, Rs. 1.06 per litre in Kolkata, Rs. 1.07 per litre in Mumbai and Rs. 1.14 per litre in Chennai so far this month, data from Indian Oil Corporation’s website – iocl.com – showed on Friday. Diesel prices have been increased by Rs. 1.53 per litre, Rs. 1.54 per litre, Rs. 1.62 per litre and Rs. 1.63 per litre during this period, respectively. Global oil prices are near their highest level since 2014.
Currently, petrol prices are at Rs. 74.63 per litre in Delhi, Rs. 77.32 per litre in Kolkata, Rs. 82.48 per litre in Mumbai and Rs. 77.43 per litre in Chennai, according to Indian Oil Corporation. Diesel prices are at Rs. 65.93 per litre, Rs. 68.63 per litre, Rs. 70.2 per litre and Rs. 69.56 per litre, India’s largest fuel retailer mentioned on its website. In Delhi and Mumbai, petrol prices are at their highest level in four years and seven months while diesel prices are at record highs, which means the fuel has never been this expensive in either of the cities before. (Also read: Clean Petrol, Diesel At Delhi Petrol Pumps) Read More