Fuel prices were increased for the third day in a row on Wednesday as state-owned fuel retailers hiked rates. Petrol and diesel prices were hiked by 22-25 paise and 25-27 paise per litre respectively in the national capital, according to a price notification from oil marketing companies.
In Delhi, petrol now costs Rs 92.05 per litre and diesel is priced at Rs 82.61. In Mumbai, petrol comes for Rs 98.36 a litre and diesel for Rs 89.75.
The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis and any revision is implemented from 6 am in the morning.
The fuel prices vary from state to state in the country due to the value-added tax or VAT.
On the global front, oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in US crude inventories, which reinforced OPEC’s robust demand outlook, and as the shutdown of the biggest US fuel pipeline headed into the sixth day.
First Published: IST