INSUBCONTINENT EXCLUSIVE:
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
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.
