Gasoline and diesel prices are set on the basis of transport costs, local taxes and VAT.
Gasoline and Diesel Rates Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Gasoline and diesel prices were unchanged on Saturday April 17, 2021, for the second day in a row after seeing fuel prices drop on Thursday. The national capital Delhi reported a gasoline price of Rs 90.40 per liter, diesel in the city was priced at Rs 80.73 per liter. The petroleum marketing companies – Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL), which own around 90% of the fuel retail outlets in India, review the fuel price based on a daily moving average of the benchmark fuel in the international market and exchange rates.
Fuel prices remain highest in Mumbai at Rs 96.83 per liter for gasoline, while diesel in the country’s finance capital costs Rs 87.81 per liter. The price discrepancy between Delhi and Mumbai is due to different prices in different cities. Gasoline and diesel prices are set on the basis of transport costs, local taxes and VAT. Gasoline prices crossed the 100 rupee mark in some cities in Rajasthan, Madhya Pradesh and Maharashtra in February, but with the fall in international oil prices, retail prices fell. India is 85% dependent on imports to meet its oil needs.
Oil stabilized slightly on Friday, but saw a weekly gain thanks to stronger demand prospects and signs of economic recovery in China and the United States that offset concerns over rising COVID infections. 19 in other major economies. Brent stabilized 17 cents, or 0.3 percent, at $ 66.77 a barrel. The global benchmark ended up 6% the week after rising in the past four sessions. U.S. West Texas Intermediate (WTI) crude stabilized at 33 cents, or 0.5%, at $ 63.13, according to Reuters.
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