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Fuel prices surged on Wednesday, October 20, to hit a fresh all-time record. The hike was witnessed after a hike in global crude oil rates. According to the Indian Oil Cooperation, in the national capital, the rates of petrol and diesel soared 35 paise. From October 20, a litre of petrol in Delhi costs Rs 106.19, and a litre of diesel is available atRs 94.92.
In Mumbai, petrol and diesel are sold at Rs 112.11 per litre and Rs 102.89 per litre. Petrol rates in Chennai breached the Rs 103 per litre-mark and is currently retailed at Rs 103.31 per litre. As per the state-run oil refiner, among the four metro cities, the fuel rate is highest in Mumbai. Fuel rates vary across the states due to the local, freight charges, and value-added tax or VAT.
The rate of petrol has surpassed the price at which turbine fuel (ATF or jet fuel) is sold to airlines. In Delhi, ATF costs Rs79,020.16 per kilolitre or approximately Rs 79 per litre.
State-run oil refiners revise the fuel rates on a daily basis, and the changes are implemented with effect from 6 am. The crude oil prices in the international markets and the rupee-dollar exchange rates are taken into account before making changes in the fuel prices.
Not just in India but globally, the oil prices climbed and were near multi-year highs. This is due to an energy supply crunch across the globe. Brent crude rose by 75 cents and settled at $85.08 (Rs6,390.94) a barrel. Meanwhile, the US West Texas Intermediate (WTI) futures, currently, stands at $82.96.
Check out fuel prices in your city:
Mumbai
Petrol – Rs 112.11 per litre
Diesel – Rs 102.89 per litre
Delhi
Petrol – Rs 106.19 per litre
Diesel – Rs 94.92 per litre
Chennai
Petrol – Rs 103.31 per litre
Diesel – Rs 99.26 per litre
Kolkata
Petrol – Rs 106.77 per litre
Diesel – Rs 98.03 per litre
Bhopal
Petrol – Rs 114.81 per litre
Diesel – Rs 104.15 per litre
Hyderabad
Petrol – Rs 110.46 per litre
Diesel – Rs 103.56 per litre
Bangaluru
Petrol – Rs 109.89 per litre
Diesel – Rs 100.75 per litre
Guwahati
Petrol – Rs 102.16 per litre
Diesel – Rs 94.65 per litre
Lucknow
Petrol – Rs 103.18 per litre
Diesel – Rs 95.37 per litre
Gandhinagar
Petrol – Rs 103.11 per litre
Diesel – Rs 102.52 per litre
Thiruvananthapuram
Petrol – Rs 108.44 per litre
Diesel – Rs 102.03 per litre
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