State-run oil marketing companies kept petrol and diesel rates unchanged for the 19th straight day on Sunday, December 27. In the national capital, petrol price remained unchanged at Rs 83.71 per liter, and diesel too remained steady at Rs 73.87 per liter – the same level as the country’s largest fuel retailer on Saturday, according to the Indian Oil Corporation. In Mumbai, petrol and diesel rates were Rs 90.34 per liter and Rs 80.51 per liter respectively. Fuel prices in financial capital are among the highest in four metros across the country. (Also read: How to check the latest petrol and diesel rates in your city)
Here are the current prices of petrol and diesel (in Rs per liter):
|Source: Indian Oil|
Oil marketing companies in the country – Indian Oil, Bharat Petroleum and Hindustan Petroleum have aligned domestic fuel prices with the global benchmark taking into account any changes in foreign fuel rates. Any change in fuel prices is implemented every day from 6 am. Fuel rates vary due to value-added tax (VAT).
Meanwhile, oil prices rose higher on Thursday, which helps to close the purchase in a session of low volumes at the end of the week. US West Texas Intermediate (WTI) crude rose 11 cents to $ 48.23 a barrel, while Brent crude futures rose 9 cents to $ 51.29. Volume was light on the last business day before the Christmas holiday.