Domestic prices of diesel were lowered in metropolitan cities on Saturday, whereas petrol prices were kept at existing levels. In Mumbai, the price of diesel was revised to Rs 78.27 per litre from Rs 78.48 per litre.
In Delhi, the rate of diesel was lowered to Rs 71.82 per litre from Rs 72.02 per litre with effect from September 19, but that of petrol was left unchanged at Rs 81.14 per litre, according to Indian Oil Corporation (IOC).
The prices of petroleum and diesel in the four metropolitan cities as on September 19:
- Delhi: Petrol-Rs 81.14, Diesel- Rs 71.82
- Mumbai: Petrol- Rs 87.82, Diesel- Rs 78.27
- Chennai: Petrol- Rs 84.21 , Diesel- Rs 77.21
- Kolkata: Petrol- Rs 82.67 , Diesel- Rs 75.32
Indian Oil and Hindustan Petroleum account for the majority of fuel stations in the country. Domestic fuel prices are determined by factors such as the rates of global crude oil and the rupee-dollar currency exchange. It varies in different states in the country due to differentiated local taxes and duties.
#AndhraPradesh Govt came up with new idea to levy Re 1 #RoadDevelopmentCess on #Petrol & #DIESEL.
Govt expects to earn Rs 500 Cr & promises to spent only on roads.
In July, Govt hiked tax on petrol, diesel to raise Rs 600 Cr extra.
VAT on natural gas was hiked last week. pic.twitter.com/uY5BOcljmk
— P Pavan (@PavanJourno) September 18, 2020
Brent crude futures, the global benchmark rates for crude oil fell 0.35% to $43.15 per barrel, having been in a range of $42.53-43.80 per barrel during the session.
— Indian Oil Corp Ltd (@IndianOilcl) September 19, 2020