INSUBCONTINENT EXCLUSIVE:
This is the longest period when the prices have remained unchanged, ever since the daily revision of prices began in June 2017.Earlier there
In Mumbai, petrol is retailed at Rs 109.98 per litre, while diesel is being sold at Rs 94.14 per litre
Among the metro cities, fuel rates are still the highest in Mumbai
Fuel prices vary across the states due to value-added tax or VAT
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 eased ahead of the resumption
of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian
oil sales, increasing global supplies
Brent crude was last down 36 cents, or 0.4 per cent, at $92.33 a barrel, after hitting a seven-year high of $94 on Monday
United States West Texas Intermediate crude eased 26 cents, or 0.3 per cent, to $91.06 a barrel.As international oil prices hit $94 per
barrel for the first time in 7 years, India asked for responsible and reasonable pricing and has conveyed serious concerns over crude oil
price volatility.India is 85 per cent dependent on imports to meet its oil needs and, the domestic petrol and diesel prices are linked to
But for the last over three months (95 days in precise), despite a spurt in international oil prices, petrol and diesel rates have not been
changed ahead of elections in crucial states like Uttar Pradesh and Punjab.
