Gasoline and diesel prices rise for the third day in a row

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Fuel Prices: Domestic prices for gasoline and diesel vary from state to state due to value added tax (VAT).

Oil marketing companies slightly raised domestic prices for gasoline and diesel at the four metros – Delhi, Mumbai, Kolkata and Chennai – for the third day in a row on Sunday, according to notifications from the Indian Oil Corporation. Gasoline prices have been increased to 8 paise per liter and diesel prices to between 18 and 20 paise per liter as of 6 a.m. on November 22. With today’s increase, the price of gasoline has been increased by 40 paise cumulatively and diesel prices increased by 61 paise per liter in the space of three days. (Also Read: How To Check The Latest Gasoline And Diesel Prices In Your City)

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Gasoline prices have remained unchanged since September 22, and diesel prices have remained unchanged since October 2 this year.

In Delhi, the price of gasoline increased by 8 pais, from Rs 81.38 per liter to Rs 81.46, while diesel prices were increased by 19 pais, from Rs 70.88 per liter to 71.07 Rs per liter. In Mumbai, gasoline and diesel prices have been revised to Rs 88.16 per liter and Rs 77.54 per liter respectively.

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Here are the current prices for gasoline and diesel in the four subways (in rupees per liter):

Newsbeep
City Gasoline Diesel
Delhi 81.46 71.07
Bombay 88.16 77.54
Chennai 84.53 76.55
Calcutta 83.03 74.64
Source: Indian oil

Indian Oil Corporation, the nation’s largest fuel retailer, reviews domestic fuel prices daily and implements the changes starting at 6 a.m. Bharat Petroleum Corporation, Indian Oil Corporation and Hindustan Petroleum Corporation own the majority of gasoline and diesel stations in the country. Oil companies align national rates with global benchmarks taking into account changes in exchange rates.

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Futures on Brent crude, the world’s benchmark for oil, rose 0.38% to $ 44.37 per barrel on Friday. Meanwhile, the rupee stabilized at 11 peas higher against the US dollar at 74.16, closing at a one-week high amid a weak US currency and strong domestic markets.

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