Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT).Domestic petrol and diesel rates remained at existing levels on Tuesday.
That marked a 25th straight day of steady prices of petrol and 35th in case of diesel.
Currently, petrol and diesel prices vary in different parts of the country due to taxes.
State-run oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation review the fuel rates on a daily basis, and implement any changes in domestic fuel prices with effect from 6 am, aligning them with crude oil and rupee-dollar forex rates.CityPetrolDieselDelhi81.0670.46Mumbai87.7476.86Chennai84.1475.95Kolkata82.5973.99Source: Indian OilIn Delhi, the price of petrol remained at Rs81.06 per litre on October 26, and diesel at Rs 70.46 per litre.
InMumbai, petrol and diesel rates were Rs 87.74 per litre and Rs 76.86 per litrerespectively.(Also Read:How To Find Latest Petrol, Diesel Rates In Your City)The three state-run companies account for the majority of fuel stations in the country.Meanwhile, oil prices regained a semblance of stability on Tuesday after suffering sharp losses over the previous session and last week, as a resurgence of coronavirus cases globally hit prospects for crude demand while increasing supply also hurt sentiment.Brent crude was up 12 cents, or 0.3 per cent, at $40.58 a barrel by 0039 GMT, having dropped more than 3 per cent overnight.
United States oil was up 13 cents, at $38.69 a barrel, after also declining more than 3 per cent on Monday.