Petrol, diesel prices rise for the third consecutive day

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Fuel prices: Domestic petrol and diesel prices vary across states due to Value Added Tax (VAT).

Oil marketing companies raised petrol and diesel domestic prices marginally for the third consecutive day on Sunday in four metros – Delhi, Mumbai, Kolkata and Chennai, according to a notification by the Indian Oil Corporation. Petrol prices were raised between 18 and 20 paise per liter from 8 am to 8 paise per liter and diesel on 22 November. With today’s increase, the price of petrol has been increased by 40 paise and diesel rates increased by 61 paise per liter within three days. (Also read: How to check the latest petrol and diesel rates in your city)

Petrol prices were untouched since September 22 and diesel rates were unchanged from October 2 this year.

In Delhi, petrol prices rose 8 paise to Rs 81.46 from Rs 81.38 per liter, while diesel rates rose by 19 paise to Rs 71.07 per liter from Rs 70.88 per liter. In Mumbai, petrol and diesel rates were raised to Rs 88.16 per liter and Rs 77.54 per liter respectively.

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

Newsbeep
Faridabad petrol Diesel
Delhi 81.46 71.07
Mumbai 88.16 77.54
Chennai 84.53 76.55
Kolkata 83.03 74.64
Source: Indian Oil

Indian Oil Corporation, the country’s largest fuel retailer, revises domestic fuel rates on a daily basis and applies the changes from 6 am onwards. Bharat Petroleum Corporation, Indian Oil Corporation and Hindustan Petroleum Corporation own most of the petrol and diesel stations in the country. Oil companies align domestic rates with global rates by considering changes in foreign exchange levels.

Global oil benchmark Brent crude futures rose 0.38 percent to $ 44.37 a barrel on Friday. Meanwhile, the rupee rose 11 paise to close at 74.16 against the US dollar at a one-week high amid weak US currency and strong domestic markets.

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