Petrol, Diesel Prices Remain Unchanged On November 1: Check Rates In Mumbai, Delhi, Chennai And Other Cities

Petrol, Diesel Prices Remain Unchanged On November 1: Check Rates In Mumbai, Delhi, Chennai And Other Cities

In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre.

FPJ Web DeskUpdated: Wednesday, November 01, 2023, 09:31 AM IST
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Petrol, Diesel Prices Remain Unchanged On November 1: Check Rates In Mumbai, Delhi, Chennai And Other Cities | Image: Wikipedia (Representative)

According to the most recent price notification by fuel retailers, petrol and diesel prices have been unchanged on November 1 in major cities, and costs have been steady for a year now.

However, the prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, the local taxes, etc.

Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd. (IOCL) and Hindustan Petroleum Corporation Ltd. (HPCL) revise their prices daily in line with international benchmark prices and forex rates.

Citywide breakdown

In Delhi, petrol and diesel cost Rs 96.72/litre and Rs 89.62/litre, respectively.

In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre.

Petrol and diesel are priced at Rs 102.63/litre and Rs 94.24/litre in Chennai and at Rs 106.03/litre and Rs 92.76/litre in Kolkata, respectively.

The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.

You can check petrol and diesel prices from the comfort of your own home. All you need to do is send a message from your phone to 9224992249 with your city code. City codes are available on Indian Oil's website.

Oil prices

During early Asian trading on Wednesday, there was a modest uptick in oil prices. Specifically, Brent January crude futures increased by 36 cents, equivalent to a 0.4 percent rise, reaching US dollar 85.38 per barrel as of 0040 GMT, following a decline of US dollar 1.33 on Tuesday. Additionally, Brent December futures concluded 4 cents lower at US dollar 87.41 per barrel when the contract expired on Tuesday.

In the case of U.S. West Texas Intermediate crude futures, they experienced a gain of 28 cents, or 0.3 percent, settling at US dollar 81.30 per barrel after a previous session loss of US dollar 1.29.

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