Petrol and diesel prices remained stable on Tuesday. Though the fuel prices are at record high despite rates being paused.
Petrol and diesel prices soared for the seventh consecutive day on Monday. Due to the swelling rates in the global markets, pushing the rates of the fuel to fresh record highs. Currently, petrol and diesel prices have increased by 30 paise and 35 paise per litre in Delhi.
As per the daily price notification by oil retailers, diesel prices in Delhi increased to Rs 92.82 as against its previous price of Rs 93.17 a litre. In the financial capital of India, diesel is retailing at Rs 101.03 per litre.
Currently, Petrol and diesel priced at record high rates. For instance, the price of one-litre petrol in Delhi climbed to Rs 104.44 per litre. Previously the retail price was 104.14 per litre. While the fuel is retailing for Rs 110.41 in Mumbai.
In Kolkata, Petrol is retailing for Rs 105.10 per litre while diesel is retailing Rs 96.28 per litre. Meanwhile, petrol is selling at Rs 101.79 in Chennai while diesel is retailing at Rs 97.59 per litre.
Petrol prices had maintained stability since September 5. Oil companies increased their pump prices this week. Petrol prices soared on six of the previous eight days taking up its primo price by Rs 1.45 per litre.
Rates of petrol and diesel are to be reviewed and revised by oil companies on a daily basis. The new prices become effective from morning at 6 a.m.
Daily revision of prices is based on the average price of benchmark fuel in the Global market. Depending on the rates followed in the preceding 15-days, and foreign exchange rates.
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