Petrol prices remained unchanged but the price of diesel came down today (Photo Credit: PTI File)
Petrol Rate, Diesel Rate Today (October 17): The petrol prices remained unchanged for the third straight day on Friday, October 18. However, the price of diesel fell by 10 to 11 paise across India. The price of diesel came down by 10 paise in Delhi and Kolkata while it decreased by 11 paise in Mumbai and Chennai. Petrol and diesel prices have fallen steadily this month with petrol getting cheaper by Rs 1.34 per litre and diesel price coming down by Rs 1.18 per litre in Delhi so far.
According to the fuel price data available on the website of Indian Oil Corporation Ltd (IOCL), the petrol price in Delhi was at Rs 73.27 per litre on Friday, while diesel price was at Rs 66.31 per litre today. In Mumbai, the rate of one litre of petrol is Rs 78.88 per litre on Thursday. A litre of diesel is priced at Rs 69.50 per litre in Mumbai. In Chennai, the retail price of petrol is Rs 76.09 a litre, while diesel was being sold at Rs 70.04 a litre. In Kolkata, petrol rate is down to Rs 75.92 a litre today, while diesel price is at Rs 68.67 a litre today.
In Noida, petrol is retailing at Rs 74.89 a litre, while diesel price reduced to Rs 66.57 a litre. The price of petrol in Gurugram is Rs 73.09 a litre while diesel was selling at Rs 65.54 a litre.
CNG Prices Cut In Delhi-Noida
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 58.95 per kg in Gurugram. In order 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 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. Oil maketing companies (OMC) review the global fuel prices and decide petrol and diesel daily. Indian Oil, Bharat Petrolium and Hindustan Petrolium 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.