The upwards trend in petrol and diesel prices continued for seventh day (Image: File)
Petrol, Diesel Rates Today: The price of petrol and diesel prices continued to rise for the seventh staright day with state-run oil marketing companies again increasing petrol and diesel prices in New Delhi, Mumbai, Kolkata, Chennai, Gurugram and Noida on Monday (September 23). The price of petrol was up by 29 paise per litre and that of diesel by 19 paise per litre on Monday. The price of petrol has gone up by Rs 1.88 per litre and diesel price by Rs 1.50 per litre in last seven days. The petrol and diesel prices in India are rising after spike in global oil prices following attacks on Saudi Arabian crude oil facilities.
Fuel (Petrol, Diesel, CNG) Rates In Indian Cities
The petrol prices in Delhi rose to Rs 73.91 a litre as against Rs 73.62 on Sunday while diesel prices increased to Rs 66.93 per litre as compared to Rs 66.74 a litre on Saturday, according to the fuel price data available on the website of Indian Oil Corporation Ltd (IOCL).
The price of petrol in Noida rose to Rs 75.44 a litre while diesel was selling at Rs 67.25 a litre. In Gurugram, petrol is retailing at Rs 73.64 a litre, diesel price in Gurugram rose to Rs 66.11 a litre.
In Mumbai, petrol was retailing at Rs 79.57 per litre after raise of 28 paise. On Sunday, a litre of diesel is priced at Rs 70.22 per litre in Mumbai, 21 paise higher than Saturday's Rs 70.21.
In Chennai, the retail price of petrol increased by 31 paise to Rs 76.83 a litre, while rose 20 paise to Rs 70.76 a litre. In Kolkata, petrol is retailing at Rs 76.60 a litre today, while diesel price climbed to Rs 69.35 a litre today.
The price of CNG is Rs 47.10 a kg in Delhi this month. The price of CNG is Rs 52.95 a kg in Noida while CNG is priced at Rs 58.45 per kg in Gurugram.
Why Fuel Prices Change Every Day?
The fuel prices are in India are revised on a daily basis. Petrol and diesel prices are revised every day at 06:00 am to sync it with the variation in global oil prices. 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.