In Delhi, petrol and diesel rates soared 35 paise to cost Rs 106.54 and Rs 95.27 per litre respectively.Petrol, Diesel Price Today: Fuel prices continue to rise for the second straight day on Thursday, October 21, to hit fresh all-time highs following a surge in global crude oil rates.
The rates were kept unchanged for two days before.
In the national capital, petrol and diesel rates soared 35 paise to cost Rs 106.54 and Rs 95.27 per litre respectively after the latest hike, according to Indian Oil Corporation.Petrol now costs around 35per cent more than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines.
ATF in Delhi costs Rs 79,020.16 per kilo litre or roughly Rs 79 per litre.In Mumbai, a litre of petrol now costs Rs 112.44, and diesel is sold at Rs 103.26per litre.
Petrol prices in Chennai breached the Rs 103 per litre-mark and is currently sold at Rs 103.61 per litre; while diesel rates stood at Rs 99.59.
Among the four metro cities, fuel rates are the highest in Mumbai, according to the state-run oil refiner.
Fuel rates vary across the states due to value-added tax or VAT.(AlsoRead:How To Check Latest Petrol And Diesel Rates In Your City).Here Are The Petrol And Diesel Prices Across Metro Cities:State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates.
Any changes in petrol and diesel prices are implemented with effect from 6 am every day.Globally, oil prices climbed and were near multi-year highs as an energy supply crunch continued across the globe.
Brent crude rose 0.21 per cent to $86.04 a barrel.
United States West Texas Intermediate (WTI) futures rose 1.10 per cent to $83.87.