Petrol, diesel price today: A rise in crude oil prices has led to the current series of hikes in domestic petrol and diesel prices, say analysts.
Here are more details on the domestic petrol and diesel prices today:
On Wednesday, September 18, the price of petrol was at Rs. 72.42 per litre in Delhi and Rs. 78.1 per litre in Mumbai, according to notifications from Indian Oil Corporation – the country’s largest fuel retailer. The price of diesel was at Rs. 65.58 per litre and Rs. 68.78 per litre in Delhi and Mumbai, respectively.
Petrol, diesel rates
|City||Petrol price (in rupees per litre)||Diesel price (in rupees per litre)|
|September 18||September 17||September 18||September 17|
|(Source: Indian Oil Corporation)|
In Kolkata, the price of petrol was at Rs. 75.14 per litre and that of diesel at Rs. 67.99 per litre. In Chennai, the rate of petrol was at Rs. 75.26 per litre and diesel at Rs. 69.31 per litre.
Currently, domestic prices of petrol and diesel are reviewed by oil marketing companies such as Indian Oil on a daily basis. Any changes, based on international crude oil prices and the foreign exchange rates, are implemented at the fuel stations with effect from 6 am.
Crude oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by the end of the month. Brent crude futures – the global benchmark for crude oil – dipped 0.1 per cent to $64.50 a barrel, having conceded more than 60 per cent of their gains made after the weekend attack on Saudi oil facilities.