Gasoline and Diesel Prices Today: Gasoline and diesel prices were flat on Wednesday February 24 after hitting new records in the previous session. In Delhi, gasoline prices were stable at Rs 90.93 per liter and diesel was intact at Rs 81.32 per liter, according to the Indian Oil Corporation, the country’s largest fuel retailer. Meanwhile, in Mumbai, gasoline and diesel prices have remained at Rs 97.34 per liter and Rs 88.44 per liter respectively. Currently, among the four metropolitan cities, fuel prices are the highest in Mumbai. (Read also: How to check the latest gasoline and diesel prices in your city)
Here are the current gasoline and diesel prices (in rupees per liter):
|Source: Indian oil|
Gasoline and diesel prices have been on the rise since January 6, 2021, after remaining unchanged for nearly a month. Fuel prices have risen amid a surge in global crude oil prices, with coronavirus vaccination campaigns across the world.
Oil marketing companies – Bharat Petroleum, Indian Oil Corporation, as well as Hindustan Petroleum align domestic fuel prices with global benchmarks, taking into account any changes in exchange rates. Any change in fuel prices is implemented from 6 am every day.
Meanwhile, oil prices fell at the start of trade on Wednesday after industry data showed U.S. crude inventories unexpectedly surged last week amid a deep freeze in the states of the south had dampened demand from refineries that were forced to close.
US West Texas Intermediate (WTI) crude futures were down 55 cents or 0.9 percent to $ 61.12 a barrel at 0136 GMT, after slipping 3 cents on Tuesday. Brent futures fell 38 cents, or 0.6%, to $ 64.99 a barrel, erasing Tuesday’s 13-cent gain.