According to the most recent price notification by fuel retailers, petrol and diesel prices have been unchanged on November 9 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.
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 102.77/litre and Rs 94.37/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 remained largely unchanged on Friday, following a previous session increase. However, they are poised for a third consecutive weekly decline as worries about supply disruptions from the Israel-Hamas conflict have diminished. Brent crude futures for January held steady at $80.01 a barrel, while U.S. West Texas Intermediate (WTI) crude futures for December were down 7 cents at $75.67. Brent futures have fallen 5.7% this week, and WTI has seen a 5.9% decline since last week, marking the longest weekly losing streak for both contracts since mid-April to early May.