INSUBCONTINENT EXCLUSIVE:
Fuel prices today: In Mumbai, the price of petrol witnessed a hike of 9 paise per litre.Petrol prices were increased by the oil marketing
companies (OMCs) on Friday in four metropolitan cities
However, rates of diesel were kept stable for a third consecutive day
In Delhi, petrol prices rose by 10 paise per litre
In Mumbai, the price of petrol witnessed a hike of 9 paise per litre
A litre of petrol was being retailed at a price of Rs 82.32 in Delhi, Rs 89.69 in Mumbai, Rs 85.58 in Chennai and Rs 84.16 in Kolkata after
the latest revision, according to a price notification of state-owned fuel retailers.Here are 5 things to know about petrol prices, diesel
Diesel was being sold at a price of Rs
73.87 per litre in Delhi, Rs.78.42 per litre in Mumbai, Rs
78.10 per litre in Chennai and Rs
75.72 per litre in Kolkata on Friday
The diesel rates were the same on Wednesday and Thursday also.2
Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes
Mumbai has the highest sales tax or Value Added Tax (VAT).3
A combination of a dip in rupee value against the US dollar and rise in crude oil prices leads to spike in fuel prices
The deadly cocktail of high oil prices and depreciating rupee makes import costlier and leads to a surge in fuel prices.5
Globally, oil prices eased on Thursday, slowing an upward surge that had pushed the market toward four-year highs, after US President Donald
Trump called on OPEC to 'get prices down now!' (With agencies inputs)
