The was no change in the Petrol and Diesel prices in major cities of India on Monday, September 16. Petrol and Diesel rates were raised for last four days. Oil prices surged more than 10 per cent on Monday in global markets after attacks on two Saudi Arabian plants that slashed output in the world's top producer by half, with Donald Trump blaming Iran and raising the possibility of a military strike on the country.
Fuel (Petrol, Diesel, CNG) Rates In Indian Cities
In Delhi, after today’s rate revision, petrol prices were at Rs 78.03 a litre while diesel price climbed to Rs 65.43 per litre, as per data from Indian Oil Corporation website.
In Noida, petrol is retailing at Rs 73.96 a litre. Diesel price in Noida rose to Rs 65.74 a litre. The price of CNG went up by 1 rupee- Noida CNG price is Rs 52.95 on Thursday.
The price of CNG is Rs 58.45 in Gurugram. The price of petrol in Gurugram went up to Rs 74.76 a litre while diesel was selling at Rs 67.84 per litre.
People in Mumbai will have to pay Rs 77.71 for a litre of petrol while a litre of diesel will cost Rs 68.62 per litre. In Chennai, the retail price of petrol price was increased to Rs 74.85 a litre. Diesel costs Rs 69.15 a litre.
In Kolkata, petrol is retailing at Rs 74.76 a litre on Thursday while diesel price climbed to Rs 67.84.
Whay Fuel Prices Change Every Day?
The fuel prices are in India are revised on a daily basis. Petrol Prices are revised every day at 06:00 am to sync it with the variation in global oil prices. When international crude oil prices gain, prices in India move higher. Other factors also impact the price of fuel like rupee to US dollar exchange rate, cost of crude oil, global cues, demand for fuel, and so on.
Why Fuel Prices Differ In Every City?
Price of fuel includes excise duty, value added tax (VAT), and dealer commission. As VAT varies from state to state, the price of fuel is different in every city.
(Disclaimer: News Nation is using external sources for this story and is not responsible for any difference in the rates in the story and market)