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| Currently, petrol and diesel prices are determined broadly by crude oil and forex rates. |
Source: NDTV
In Delhi, the price of petrol remained at ₹ 81.06 per litre and diesel was Rs70.46 per litre, according to notifications from state-run Indian Oil Corporation.
The oil marketing companies kept the prices of petrol and diesel unchanged on Thursday (November 12). In Delhi, the price of petrol remained at ₹ 81.06 per litre and diesel was Rs 70.46 per litre, according to notifications from state-run Indian Oil Corporation. In financial capital Mumbai, prices of petrol and diesel were ₹ 87.74 per litre and ₹ 76.86 per litre respectively. The oil firms such as Indian Oil Corporation revise the fuel rates on a daily basis and implement the changes with effect from 6 am. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Here are the prices of petrol and diesel in the four metros (in rupees per litre) :
Bharat Petroleum Corporation, Indian Oil Corporation, and Hindustan Petroleum Corporation - which account for the majority of petrol and diesel stations in India - align the domestic rates with global benchmarks by taking into account changes in foreign exchange levels. Due to the local taxes, crude oil prices vary in different cities across the country.
Meanwhile, brent rose on Wednesday, briefly touching a more than two-month high above $45 a barrel on hopes of a COVID-19 vaccine that could boost demand and later pulling back as concerns about rising cases overtook bullish news. Brent settled up 19 cents, or 0.4 per cent, at $43.80 a barrel, after earlier trading at a session peak of $45.30 - the first time it has cleared the $45 threshold since early September. U.S. West Texas Intermediate (WTI) crude settled up 9 cents at $41.45, after setting a session high of $43.06.
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