Petrol, Diesel Price Today: Petrol and diesel prices touched new record highs on Saturday, October 23, as rates were hiked for the fourth consecutive day. In the national capital, petrol prices were hiked by 35 paise from Rs 106.89 per litre to Rs 107.24 per litre, while diesel rates were also hiked by 35 paise from Rs 95.62 to Rs 95.97 per litre, according to Indian Oil Corporation.
Petrol now costs 35.3 per cent more than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. ATF in Delhi costs Rs 79,020.16 per kilo litre or roughly Rs 79 per litre.
In Mumbai, the petrol prices were hiked by 34 paise to Rs 113.12 per litre, and diesel is urrently being sold at Rs 104 per litre. Among the four metro cities, fuel rates are the highest in Mumbai, according to the state-run oil refiner. Fuel rates vary across the states due to value-added tax. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City).
Here are the petrol and diesel price across the metro cities:
State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.
On Friday, October 22, Brent crude futures, the global oil benchmark, advanced 0.43 per cent to $ 84.97 per barrel. The rupee declined three paise against the US dollar to settle at 74.90 yesterday, tracking a muted trend in domestic equities.