November 7th 2023.
According to the most recent price notification by fuel retailers, petrol and diesel prices have remained unchanged on November 7 in major cities, marking a year of stability. However, the prices vary from state to state, based on Value Added Tax, freight charges, local taxes, etc.
Public sector Oil Marketing Companies (OMCs) such as Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd. and Hindustan Petroleum Corporation Ltd. revise their prices daily based on the international benchmark prices and exchange rates.
In Delhi, petrol and diesel are priced at Rs 96.72/litre and Rs 89.62/litre respectively. In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre. In Chennai, petrol and diesel are priced at Rs 102.65/litre and Rs 94.25/litre respectively and in Kolkata at Rs 106.03/litre and Rs 92.76/litre respectively.
The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol and diesel by Rs 8/litre and Rs 6/litre respectively.
If you want to check petrol and diesel prices in your city, you can do it from the comfort of your own home. All you need to do is send a message from your phone to 9224992249 with your city code. City codes are available on Indian Oil's website.
Oil prices experienced a slight decrease on Tuesday. Brent crude futures saw a decline of 23 cents, equivalent to 0.3%, with prices reaching $84.95 per barrel as of 0127 GMT. Simultaneously, U.S. West Texas Intermediate crude stood at $80.59 per barrel, down by 23 cents or 0.3%. This indicates a dip in the oil market, which could lead towards a possible reduction in petrol and diesel prices in the coming days.
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