OIL & GAS

Diesel, Petrol prices remain unchanged for 26th straight day– Check fuel prices in metro cities on October 28, 2020

Petrol and diesel prices remained unchanged on Wednesday, as state-run oil marketing companies held the fuel prices steady. Rates differ from state to state depending on the incidence of VAT. Taxes make up for nearly two-third of the retail selling price.

Here is looking at the price difference of diesel and petrol in four metro cities on October 28.

City Petrol Diesel
Delhi 81.06 70.46
Mumbai 87.74 76.86
Chennai 84.14 75.95
Kolkata 82.59 73.99

In September, diesel prices saw first reduction since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) froze rates for 82 days to adjust a record hike in excise duty on auto fuels against falling benchmark cost.

Diesel rates had gone up by Rs 12.55 a litre between June 7, when oil firms resumed revising prices in line with cost, and July 25. Diesel price has remained unchanged in the country since July 25

Source
Zeenews
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