State-run retailers such as Indian Oil review petrol and diesel rates on a daily basis
Domestic petrol and diesel prices were left unchanged at existing levels on Friday. Currently, state-run oil marketing companies such as Indian Oil Corporation reviews the prices of petrol and diesel on a daily basis, to bring them at par with global crude oil rates. Any revisions are implemented at fuel stations with effect from 6 am. Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation account for the majority of petrol and diesel pumps in the country. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
In Delhi, the price of petrol stood at Rs 80.43 per litre and that of diesel at Rs 81.64. In a rare incidence, diesel continues to be more expensive compared to petrol in the national capital for past few weeks.
In Mumbai, the prices of petrol and diesel remained unchanged at Rs 87.19 per litre and Rs 79.83 per litre respectively.
Latest Petrol, Diesel Rates In Metros
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 80.43 | 81.64 |
| Kolkata | 82.10 | 76.77 |
| Mumbai | 87.19 | 79.83 |
| Chennai | 83.63 | 78.60 |
| (Source: Indian Oil) | ||
The prices of petrol and diesel vary from state to state due to value added tax (VAT).
Meanwhile, international oil prices were flat on Friday as support from a weaker dollar was offset by tensions between the US and China. Brent crude futures - the global benchmark for crude oil - were last seen quoting at $43.30 per barrel.
China ordered the US to close its consulate in the city of Chengdu on Friday, responding to a US demand this week that China close its Houston consulate.
The rupee weakened to as low as 74.98 against the US dollar during the four-hour session on Friday, and the greenback slid to 22-month lows against a basket of currencies.
