Gasoline and diesel prices on Friday remained stable across the metro city for more than a month. On May 21, the Center announced excise duty cuts on petrol and diesel of Rs 8 and Rs 6 per liter respectively. The move marks a reduction in petrol rates by Rs 9.5 per liter and diesel by Rs 7 per liter.
In Delhi, a liter of petrol costs Rs 96.72, while the diesel rate is Rs 89.62 per liter.
Petrol is currently sold at Rs 111.35 per liter in Mumbai, while diesel is sold at Rs 97.28.
Petrol is currently priced at Rs 102.63 in Chennai, while diesel is at Rs 94.24. In Kolkata, petrol is sold at Rs 106.03 and diesel is sold at Rs 92.76.
Fuel prices are the highest in Mumbai among the four metro cities. Rates vary across the state due to value added tax (VAT).
Click Here To Check Fuel Rates Across Metro, Other Cities
Government-owned oil refiners such as Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum review fuel rates on a daily basis, taking into account the price of crude oil in the international market, and the rupee-dollar exchange rate. Any change in fuel price is implemented with effect from 6 am every day.
India imports 85 per cent of its crude oil needs, and domestic fuel rates are linked to international rates.
Globally, oil prices fell, and Brent crude futures fell 0.18 percent to $ 109.88 a barrel.