Diesel remained costlier than petrol in Delhi
Domestic petrol and diesel prices were kept unchanged in metros on Friday. In Delhi, diesel continues to remain marginally costlier than petrol. In the national capital, the price of petrol is currently at Rs 80.43 per litre and diesel at Rs 80.78 per litre, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City).
Here are the current prices of petrol and diesel in the four metros:
| City | Petrol | Diesel |
|---|---|---|
| Delhi | Rs 80.43 per litre | Rs 80.78 per litre |
| Kolkata | Rs 82.10 per litre | Rs 75.89 per litre |
| Mumbai | Rs 87.19 per litre | Rs 79.05 per litre |
| Chennai | Rs 83.63 per litre | Rs 77.91 per litre |
| (Source: Indian Oil) | ||
However, the prices of petrol continued to be higher compared to diesel in the other metros.
On June 7, state-run oil marketing companies Indian Oil, Hindustan Petroleum and Bharat Petroleum returned to the normal practice of daily price reviews following an 82-day hiatus. The daily reviews are aimed at reflecting changes in crude oil and forex rates in retail fuel prices.
The three state-run companies account for the majority of petrol and diesel stations in the country.
Domestic petrol and diesel prices vary from state to state due to the incidence of value added tax (VAT). The fuel prices are determined broadly by international oil rates and the rupee-dollar foreign exchange rate.
In the global market, oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere could suppress fuel demand.
Brent crude was down by 73 cents, or 1.7 per cent, at $41.62 a barrel by 12:45 pm after falling more than 2 per cent on Thursday. US oil fell 83 cents, or 2.1 per cent, at $38.79 a barrel after a drop of 3 per cent in the previous session.
