Petrol Diesel Price: More than a month has passed, and there has been no change in the price of petrol and diesel, while the prices of crude oil have started increasing once again.

There is no change in the prices of petrol and diesel in metro cities on Monday, the last Monday of the month. The last change in the price of petrol and diesel was seen on 21 May. At that time, the central government had announced a reduction of excise duty on petrol and diesel by Rs 8 and Rs 6 per liter respectively. Due to this move, the rates of petrol were reduced by Rs 9.5 per liter and diesel by Rs 7 per liter. Surprisingly, OMCs, ie oil companies, had stopped changing fuel prices from April itself.

Petrol Diesel Price in Metros

The price of a liter of petrol in Delhi is Rs 96.72, while the price of diesel is Rs 89.62 per liter. Petrol in Mumbai is currently being sold at Rs 111.35 per liter, while diesel is being sold for Rs 97.28. Petrol in Chennai now costs Rs 102.63, while diesel costs Rs 94.24. Petrol in Kolkata is being sold at Rs 106.03 and diesel at Rs 92.76. Mumbai has the highest fuel prices among all the four metro cities. Rates vary from state to state due to VAT.

Fuel rates are updated at 6 am

State-run oil refiners like Indian Oil Corp, Bharat Petroleum, and Hindustan Petroleum revise fuel rates daily, taking into account crude oil prices and rupee-dollar exchange rates in international markets. Any change in fuel prices is effective from 6 am every day. India imports 85 percent of its crude oil requirements, and domestic fuel rates are linked to international rates.

Crude Oil Price

Amid concerns of economic slowdown at the global level, crude oil is seeing a slight rise today. Talking about Brent crude first, it is trading up 0.48 percent at $ 113.66 per barrel, while US West Texas Intermediate WTI crude prices have come down to $ 108 per barrel. According to experts, in June, crude oil prices had reached $ 125 per barrel, after that they also came down to $ 105 per barrel. Now once again the price of oil has started increasing...