November 18th 2023.
Petrol and diesel prices remain unchanged on November 18 in major cities, the same as they have been for the past year. Prices of petrol and diesel vary from state to state, due to factors such as Value Added Tax, freight charges, and local taxes. State-owned oil companies like Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd., and Hindustan Petroleum Corporation Ltd. adjust prices according to international benchmark prices and forex rates.
The prices of petrol and diesel in Delhi are Rs 96.72/litre and Rs 89.62/litre, respectively. In Mumbai the rates are Rs 106.31/litre for petrol and Rs 94.27/litre for diesel. Meanwhile, in Chennai, petrol is priced at Rs 102.74/litre and diesel at Rs 94.33/litre. In Kolkata, petrol is at Rs 106.03/litre and diesel at Rs 92.76/litre.
In May last year, the finance ministry reduced the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. To know fuel rates in your city, you can send a message from your phone with the city code to 9224992249. City codes can be found on the website of Indian Oil.
On Friday, oil prices jumped with Brent crude futures closing up by US dollar 3.19, or 4.1 percent, to US dollar 80.61 per barrel. West Texas Intermediate crude also rose by US dollar 2.99, or 4.1 percent, to US dollar 75.89. This marks the highest point in oil prices in the past five months.
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