Petrol, Diesel Prices Remain Unchanged For Second Day

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Petrol, Diesel Prices Remain Unchanged For Second Straight Day. See Rates

In Delhi, petrol and diesel rates stood at Rs 107.59and Rs 96.32per litre respectively.

Petrol, Diesel Price Today: Fuel prices remained unchanged for the second straight day on Tuesday, October 26, after five consecutive hikes. In the national capital, petrol and diesel rates stood at Rs 107.59 and Rs 96.32 per litre respectively, according to Indian Oil Corporation.

Currently, petrol costs 36.19 per cent more than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. ATF in Delhi costs Rs 79,020.16 per kilo litre or roughly Rs 79 per litre.

In Mumbai, a litre of petrol now costs Rs 113.46, and diesel is sold at Rs 104.38 per litre. Petrol prices in Chennai stayed above the Rs 104 per litre-mark and is currently sold at Rs 104.52 per litre; while diesel rates stood at Rs 100.59. Among the four metro cities, fuel rates are the highest in Mumbai, according to the state-run oil refiner. Fuel rates vary across the states due to value-added tax or VAT.

(Also Read: How To Check Latest Petrol And Diesel Rates In Your City).

Here Are The Petrol And Diesel Prices Across Metro Cities:

State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.

Globally, oil prices reached multi-year highs. Brent crude futures gained 46 cents to hit $85.99 a barrel. The contract reached a session high of $86.70 a barrel, its highest level since October 2018. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $83.76 a barrel after reaching $85.41 a barrel, the highest since October 2014. Both benchmarks have climbed by around 20% since the start of September.

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