INSUBCONTINENT EXCLUSIVE:
Fuel prices across the country witnessed a hike since January 2021 due to a rally in global oil prices.Petrol and diesel prices were kept
steady for thirteenth straight day on Friday across the four metro cities in the country
The state-run oil refiner Indian Oil had last raised fuel prices on February 27 to an all-time high of Rs 91.17 in the national capital
Since then, fuel rates have remained unchanged across all four metro cities
As of now, the highest fuel prices are in Mumbai where petrol is at Rs 97.57 per litre and diesel at Rs 88.60 per litre, according to Indian
Oil Corporation.CityPetrolDieselDelhi91.1781.47Mumbai97.5788.60Chennai93.1186.45Kolkata91.3584.35Source: Indian OilOil marketing companies -
Bharat Petroleum, Indian Oil Corporation, and Hindustan Petroleum align the rates of domestic fuel with the global benchmarks, by taking
into account any changes in the foreign exchange rates
Any revisions in fuel rates are implemented with effect from 6 am each day
Also, the domestic petrol and diesel prices vary across states due to the value-added tax (VAT).Fuel prices across the country have
witnessed a hike since January 2021 due to a rally in global crude oil prices.Oil prices rose more than 2 per cent on Thursday on a weaker
dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S
fuel stocks and a resumption of operations by Texas refiners.Brent crude oil futures for May settled up $1.73, or 2.6 per cent, to $69.63 a
West Texas Intermediate crude for April ended the session $1.58 or 2.5 per cent higher, at $66.02.
