Petrol and diesel rates in Delhi were Rs 107.59 and Rs 96.32 per liter respectively.
Petrol, Diesel Price Today: Fuel prices remained unchanged for the second day in a row on Tuesday, October 26, after five consecutive hikes. According to the Indian Oil Corporation, the rates of petrol and diesel in the national capital were Rs 107.59 and Rs 96.32 per liter respectively.
Currently, the price of petrol is 36.19 per cent higher than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. The ATF price in Delhi is Rs 79,020.16 per kiloliter or roughly Rs 79 per litre.
In Mumbai, a liter of petrol now costs Rs 113.46 and diesel Rs 104.38 per litre. Petrol prices in Chennai remained above Rs 104 per liter and are currently selling at Rs 104.52 per litre; While the price of diesel was Rs 100.59. Of the four metro cities, Mumbai has the highest fuel rates, according to state-run oil refiners. Fuel rates vary from state to state due to Value Added Tax or VAT.
(Too Reading: How to check latest petrol and diesel rates in your city)
Petrol and diesel prices in metro cities are as follows:
State-run oil refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel rates on a daily basis, taking into account crude oil prices and rupee-dollar exchange rates in international markets. Any change in the prices of petrol and diesel is effective from 6 am every day.
Globally, oil prices hit a multi-year high. Brent crude futures rose 46 cents to $85.99 a barrel. The contract hit a session high of $86.70 a barrel, its highest level since October 2018. US West Texas Intermediate (WTI) crude futures were unchanged at $83.76 per barrel, reaching $85.41 per barrel, the highest since October 2014. Both benchmarks have climbed nearly 20% since early September.
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