Diesel Prices Hiked In Metros, Petrol Unchanged
Oil marketing companies hiked diesel prices marginally on Saturday, and left petrol rates unchanged. With effect from 6 am on July 25, the price of diesel was revised to Rs 81.79 per litre, from Rs 81.64 per litre, while the rate of petrol was maintained at Rs 80.43 per litre, according to Indian Oil Corporation. In Mumbai, the rate of diesel was raised to Rs 79.97 per litre from Rs 79.83 per litre in Saturday, while that of petrol was kept steady at Rs 87.19 per litre. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Latest Petrol, Diesel Rates In Metros
|(Source: Indian Oil)|
The prices of petrol and diesel vary from state to state due to value added tax (VAT). Currently, state-run oil marketing companies such as Indian Oil Corporation reviews the prices of petrol and diesel on a daily basis, to bring them at par with global crude oil rates. Any revisions are implemented at fuel stations with effect from 6 am.
Meanwhile, international oil prices fell on Friday, pressured by tensions between the US and China, but some supportive economic data in Europe tempered losses. Brent crude futures - the global benchmark for crude oil - fell by 34 cents to $42.97 per.
The rupee closed at 74.82 against the dollar, having recovered 2.72 per cent from an all-time low registered in April but still down 4.85 per cent so far this year.