Petrol and diesel prices were raised in the metros on Wednesday, with state-owned oil companies rising straight for the eleventh day after 12 weeks of stagnation, returning to normal practice of daily review. From 6 am, compared to the previous day, the price of petrol in Delhi was increased by 55 paisa per liter and diesel by 69 paisa per liter. Although the price of petrol in the national capital was raised from Rs 76.73 per liter to Rs 77.28 per liter on the previous day, but according to the notification of Indian Oil in the state, the rate of diesel was increased from Rs 75.19 per liter to Rs 75.79 per liter. Went. Corporation, the country’s largest fuel retailer. (Also read: How to get latest petrol, diesel rates in your city)
Here are the latest petrol and diesel prices in the metro (in Rs per liter):
|(Source: Indian Oil)|
In the 11-day period, the price of petrol has been increased by Rs 6.02 per liter in the national capital and by Rs 6.49 per liter in diesel.
International crude oil prices retreated on Wednesday, worrying about an increase in US raw material inventories and a possible second wave of the coronavirus epidemic. Brent crude futures – the global benchmark for crude oil – were last seen 1.0% lower at $ 40.56 a barrel.
State-run oil marketing companies periodically revise petrol and diesel prices, in addition to aviation turbine fuel (ATF) – or jet fuel – and liquefied petroleum gas (LPG). However, from 16 March onwards, oil companies had halted prices of petrol and diesel, possibly due to volatility in the global oil markets.
The retail sale of fuel in the country is dominated by the state refiners – Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. 90 per cent of the retail fuel outlets in the country are own.