Gasoline and diesel prices rise to record high levels after the latest hike. See prices

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In Delhi, gasoline and diesel prices have climbed 35 paise to cost Rs 107.94 and Rs 96.67 per liter respectively.

Gasoline and Diesel Prices Today: Fuel prices hit record highs on Wednesday, October 27, as rates were raised again after a two-day hiatus. In the nation’s capital, gasoline and diesel prices soared 35 paise to cost Rs 107.94 and Rs 96.67 per liter respectively, according to Indian Oil Corporation.

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Gasoline now costs 36.63% more than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. ATF in Delhi costs Rs 79,020.16 per kilo liter, or about Rs 79 per liter.

In Mumbai, a liter of gasoline now costs Rs 113.80, and diesel is sold at Rs 104.75 per liter. Gasoline prices in Chennai have approached Rs 105 per liter and are currently priced at Rs 104.83 per liter. Among the four metropolitan cities, fuel prices are the highest in Mumbai, according to the state-run oil refiner. Fuel prices vary from state to state due to value added tax or VAT.

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State-run oil refiners like Indian Oil, Bharat Petroleum, and Hindustan Petroleum review fuel prices daily, taking into account crude oil prices in international markets and rupee-to-dollar exchange rates. Any change in gasoline and diesel prices is implemented from 6 a.m. every day.

Globally, oil prices are at their highest level since 2014, supported by a global supply shortage and strong demand in the United States, the world’s largest consumer. Brent futures rose 0.5% to $ 86.40 a barrel, while U.S. West Texas Intermediate (WTI) crude ended up 1.1% to 84.65 $.

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