1. Home
  2. Business
  3. Fuel fire, Petrol, Diesel prices hike again, at fresh all-time highs | Check rates

Fuel fire, Petrol, Diesel prices hike again, at fresh all-time highs | Check rates

By Ruchi Upadhyay 
Updated Date

New Delhi: Fuel prices continue to rise for the second straight day on Thursday, October 21, to hit fresh all-time highs following a surge in global crude oil rates.

Also Read :- Govt's big move to control inflation: Biggest excise duty cut, more LPG & fertilizer subsidy | know city-wise rates here

The rates were kept unchanged for two days before. In the national capital, petrol and diesel rates soared 35 paise to cost ₹ 106.54 and ₹ 95.27 per litre respectively after the latest hike, according to Indian Oil Corporation.
Petrol now costs around 35 per cent more than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. ATF in Delhi costs ₹ 79,020.16 per kilo litre or roughly ₹ 79 per litre.

In Mumbai, a litre of petrol now costs ₹ 112.44, and diesel is sold at ₹ 103.26 per litre. Petrol prices in Chennai breached the ₹ 103 per litre-mark and is currently sold at ₹ 103.61 per litre; while diesel rates stood at ₹ 99.59. 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.

Here Are The Petrol And Diesel Prices Across Metro Cities:

City Petrol Diesel
Delhi 106.54 95.27
Mumbai 112.44 103.26
Chennai 103.61 99.59
Kolkata 107.12 98.38
Source: Indian Oil

Also Read :- Fuel on fire: Petrol price in Mumbai reaches record high; Check rates in 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 climbed and were near multi-year highs as an energy supply crunch continued across the globe. Brent crude rose 0.21 per cent to $86.04 a barrel. U.S. West Texas Intermediate (WTI) futures rose 1.10 per cent to $83.87

Further reading:
For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...