Petrol and Diesel Rate: Fuel rates were hiked across metro cities todayPetrol, Diesel Price Today: Petrol and diesel prices touched brand-new record highs on Saturday, October 16, as rates were treked for the third successive day, tracking a surge in international petroleum prices.
In the national capital, gas rates were treked by 35 paise from Rs 105.14 per litre to Rs 105.49 per litre, while diesel rates were likewise treked by 35 paise from Rs 93.87 to Rs 94.22 according to Indian Oil Corporation.In Mumbai, the gas prices were hiked by 34 paise to Rs 111.43 per litre, and diesel rates crossed the Rs 102-mark - currently being sold at Rs 102.15 per litre.
Amongst the 4 city cities, fuel rates are the highest in Mumbai, according to the state-run oil refiner.
Fuel rates differ across the states due to value-added tax or barrel.
(Likewise Check out: How To Inspect Newest Gas And Diesel Rates In Your City).
Here are the petrol and diesel price across the metro cities: State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum modify the fuel rates every day, by taking into account the crude oil rates in the international markets, and the rupee-dollar exchange rates.
Any changes in gas and diesel costs are implemented with result from 6 am every day.
On Friday, October 15, oil rates settled at a three-year high above $85 a barrel, boosted by projections of a supply deficit in the next couple of months as the easing of Covid-related limitations stimulated demand.Brent unrefined futures settled up 86 cents, or one percent, at $84.86 a barrel.
The front-month costs, which touched their highest level since October 2018 at $85.10, struck a weekly rise of 3 per cent - its 6th straight weekly gain.
United States West Texas Intermediate (WTI) unrefined futures rose 97 cents, or 1.2 pe rcent, to $82.28 a barrel.