Petrol, Diesel Prices today: Fuel prices remain stable for 17th day

Fuel prices had been on the rise in the country since May 4 after the assembly elections in states and union territories including West Bengal, Kerala, Assam, Tamil Nadu and Puducherry.

Petrol, Diesel Prices today: Fuel prices remain stable for 17th day
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New Delhi: The fuel prices remained stable for 17th straight day. The Oil Marketing Companies have last increased price on July 15, pushing the price of petrol in Delhi closer to the Rs 102 per-litre mark.


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While the petrol price in New Delhi stands at Rs 101.84 a litre, diesel retails at Rs 89.87 per litre, as per the latest price listing by Indian Oil Corporation Limited (IOCL).


In Mumbai, petrol is being sold at ₹ 107.83 per litre and diesel was retailed at Rs 97.45 per litre. One litre of petrol is priced at Rs 102.49 in Chennai, while diesel costs Rs 94.39 per litre in the city. Petrol in Kolkata is being sold at Rs 102.08 per litre and diesel is priced at Rs 93.02. While petrol can be bought at Rs 110.20 in Bhopal and diesel is priced at Rs 98.67 for one litre.


Fuel prices had been on the rise in the country since May 4 after the assembly elections in states and union territories including West Bengal, Kerala, Assam, Tamil Nadu and Puducherry.


The price of petrol has gone up 9 times so far in July. However, diesel has become 5 times more expensive and once cheaper. Earlier in the month of June and May, the price of petrol and diesel had also increased 16 times. Significantly, the round of increase in petrol and diesel prices has started since May 4. After this, the price of petrol in Delhi has gone up by Rs 11.44 and diesel by Rs 09.14 per liter.


State-run oil refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise petrol and diesel prices on a daily basis, considering crude oil prices in the international markets and rupee-dollar exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.


Briefing the Lok Sabha about the rising fuel prices in the country, Union Petroleum and Natural Gas Minister Hardeep Singh Puri last week said the prices are determined based on World market pricing. 


He further said 85 per cent of petroleum product prices are determined by producing and exporting countries. Puri also mentioned that the pricing of petroleum products in India is determined after the deregulation of the sector in 2010 by the UPA governments are imported and the world market


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