Fuel Prices: Domestic petrol and diesel costs vary across states due to value added tax (VAT).
Petrol, diesel rates today: Gas and diesel rates have actually been hiked again throughout the metros on Sunday, May 16, after a day's time out.
In Delhi, fuel prices have been increased by 24 paise from Rs 92.34 per litre to Rs 92.58 per litre and diesel was hiked by 27 paise from Rs 82.95 per litre to Rs 83.22 per litre, according to Indian Oil Corporation.
Currently, petrol and diesel costs are the greatest in Mumbai.
In Mumbai, petrol is being cost Rs 98.88 per litre and diesel is retailed at Rs 90.40 per litre, according to the state-run oil refiner.
This is the ninth walking considering that May 4, when the state-owned oil companies ended a hiatus in rate modification that was observed during assembly elections.
Fuel and diesel costs differ across states due to the value-added tax or VAT.
(Also Check Out: How To Discover Newest Fuel, Diesel Rates In Your City)Below are the most recent petrol and diesel rates across four metro cities: The state-run oil marketing companies consisting of Indian Oil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum line up the rates of domestic fuel with the international crude oil rates by taking into account modifications in the foreign exchange rates.
Any changes in fuel costs are executed with impact from 6 am every day.Meanwhile, oil rates fell on Friday after dropping about 3 percent a day previously as coronavirus cases remained high in significant oil consumer India.
Brent crude oil futures were down 35 cents, or 0.5 per cent, at $66.70 a barrel and West Texas Intermediate (WTI) was down 28 cents, or 0.4 percent, at $63.54 a barrel.