Indian Oil and two other state-run companies review petrol and diesel rates every day
Domestic petrol prices were increased by 9-11 paise per litre in the metros on Friday whereas diesel rates were left unchanged at existing levels. In Delhi, the price of petrol was raised to Rs 81.94 from Rs 81.83 per litre with effect from 6 am on August 28, while that of diesel was retained at Rs 73.56 per litre, according to notifications from state-run Indian Oil Corporation. In Mumbai, petrol price was revised to Rs 81.94 per litre, from Rs 88.48, while diesel rate was maintained at Rs 80.11 per litre. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City).
Here are the latest prices of petrol and diesel (in rupees per litre) in the four metros on August 27:
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 81.94 | 73.56 |
| Kolkata | 83.43 | 77.06 |
| Mumbai | 88.58 | 80.11 |
| Chennai | 84.91 | 78.86 |
| Source: Indian Oil | ||
State-run Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation – which account for the majority of fuel stations in the country – currently review the petrol and diesel prices in different parts of the country on a daily basis.
The three oil companies implement any changes in the fuel prices every day with effect from 6 am.
Currently, petrol and diesel prices vary in different parts of the country due to factors such as crude oil and foreign exchange rates, and local taxes.
On Friday, the rupee gained by 56 paise to end at a nearly six-month high of 73.40 against the dollar, whereas Brent crude – the global benchmark for crude oil – climbed up 0.46 per cent to settle at $45.81 per barrel.
