Petrol and diesel price Today: Seventh-day of price hike sends fuel rates in Delhi, Mumbai to record highs
Petrol and Diesel Price Today in India: Petrol and Diesel Rate on October 11 were hikes once again, taking fuel rates in Delhi, Mumbai to all-time highs.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Price of petrol and diesel were hiked by oil marketing companies for the seventh consecutive day on Monday, taking fuel rates to record highs as crude oil prices soar.
Petrol in the national capital today costs Rs 104.44 per litre, up 30 paise since yesterday while diesel in the capital city is retailing at Rs 93.17 per litre, an increase of 35 paise. Petrol and diesel rates have increased 9 times so far in October.
Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.
Mumbai’s petrol cost is still the highest across metro cities, standing at a staggering Rs 110.41 per litre. Diesel in the country’s financial capital costs Rs 101.03 per litre.
The divergence in prices between Delhi and Mumbai is due to various local VAT charges in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT.
Petrol has crossed the Rs 100-a-litre mark in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Ladakh, and some cities of Bihar and Punjab.
courtesy:Financial Express