Petrol Rate, Diesel Rate Today (November 7): Petrol and diesel prices remained unchanged for the second straight day on Thursday, November 7. Oil Market Companies (OMC) made no change in the automotive fuel rates today. According to the fuel price data available on the website of Indian Oil Corporation Ltd (IOCL), petrol prices in Delhi, Mumbai, Kolkata and Chennai were Rs 72.60, Rs 78.28, Rs 75.45 and Rs 75.32 per litre respectively. Diesel prices in Delhi, Mumbai, Kolkata and Chennai remained at Rs 65.75, Rs 68.96, Rs 69.50 and Rs 68.16 per litre respectively. In Noida, petrol is retailing at Rs 74.41 a litre, while diesel price reduced to Rs 66.06 a litre. The price of petrol in Gurugram is Rs 72.61 a litre while diesel was selling at Rs 65.10 a litre.
Petrol, Diesel Prices Today
Get Petrol, Diesel Rates Via SMS
You can check the latest rate of petrol and diesel via SMS. IOC customers can send RSP
CNG Prices In Delhi, Noida and Gurugram
The price of CNG is Rs 45.20 a kg in Delhi this month. The price of CNG is Rs 51.35 a kg in Noida while CNG is priced at Rs 58.50 per kg in Gurugram. To promote CNG fuelling at night, IGL will also offer a discount of Rs 1 per kg on selling prices of CNG for filling between 12 am to 6 am at select outlets.
Why Petrol, Diesel Prices Change Every Day?
The fuel prices are in India are revised daily. Petrol and diesel prices are revised every day at 06:00 am to sync it with the variation in global oil prices. Oil marketing companies (OMC) review the global fuel prices and decide petrol and diesel daily. Indian Oil, Bharat Petroleum and Hindustan Petroleum release the new rates at 6 am every morning. Generally, when international crude oil prices gain, prices in India move higher. Other factors also impact the price of fuel like rupee to US dollar exchange rate, cost of crude oil, global cues, demand for fuel, and so on.
Why Fuel Prices Differ In Every City?
Price of fuel includes excise duty, value-added tax (VAT), and dealer commission. As VAT varies from state to state, the price of fuel is different in every city.
(Disclaimer: This information is based on external sources and News Nation is not responsible for any difference in the rates)