November 4th 2023.
According to fuel retailers, the prices of petrol and diesel have been unchanged in major cities since November 4. The costs are state-dependent, varying due to Value Added Tax, freight charges, and local taxes. Public sector OMCs, such as Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd., and Hindustan Petroleum Corporation Ltd., update their prices daily according to international benchmark prices and forex rates.
The petrol and diesel prices differ across cities. In Delhi, the rates are Rs 96.72/litre and Rs 89.62/litre, respectively. In Mumbai, the prices are Rs 106.31/litre and Rs 94.27/litre. In Chennai, the prices are Rs 102.63/litre and Rs 94.24/litre, and in Kolkata, the prices are Rs 106.03/litre and Rs 92.76/litre, respectively.
The last country-wide change in fuel rates was on 21 May 2020, when Finance Minister Nirmala Sitharaman reduced the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
You don't have to leave your home to check petrol and diesel prices. All you need to do is send a message from your phone to 9224992249 with your city code. Indian Oil's website has the list of city codes.
On Friday, oil prices dropped significantly. Brent crude futures decreased by $1.92, equivalent to 2.3%, settling at $84.89 per barrel. Similarly, U.S. West Texas Intermediate crude futures dropped by $1.95, which is a 2.4% decrease, ending the day at $80.51 per barrel.
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