Fuel rates increased marginally for the second day todayThe oil marketing companieson Saturday, November 21hiked domestic prices of petrol and dieselmarginally in the four metros - Delhi, Mumbai, Kolkata, and Chennai.
The marginal hike in prices today comes after the ratesincreased by a slight margin yesterday.
According to notifications from Indian Oil Corporation, the prices of petrol in Delhi, Mumbai, Kolkata, and Chennai were increased by 20-25paise per litre, and those of diesel by 25-30per litre, with effect from 6 am on November 21.
(Also Read:How To Check Latest Petrol And Diesel Rates In Your City)In Delhi,the price of petrol was hiked to Rs81.38per litre from Rs 81.23per litre, while diesel rates increased to Rs70.88per litre from Rs 70.68per litre.
In Mumbai, petrol and diesel rates were revised to Rs 88.09per litre and Rs 77.34per litre today, rising from Rs 87.92and Rs 77.11per litre respectively yesterday.CityPetrolDieselDelhi81.38 70.88Mumbai88.09 77.34Chennai84.46 76.37Kolkata82.95 74.45Source: Indian OilIndian Oil Corporation, the country's largest fuel retailer,revisesthe domestic fuel rates on a daily basis, and implement thechanges with effect from 6 am.
Bharat Petroleum Corporation, Indian Oil Corporation, and Hindustan Petroleum Corporation hold the majority ofpetrol and diesel stations in the country.
The oil firmsalign the domestic rates with the global benchmarks by considering changes in foreign exchange levels.Brent crude futures, the global oil benchmark, rose 0.38 per cent to USD 44.37 per barrel on Friday.
Meanwhile, the rupee settled at 11 paise higher against the US dollar at 74.16, closing at a one-week high amid weak American currency and strong domestic markets.