Petrol, Diesel rates hiked again, day after record pump prices

Mangalore Today News Network / NDTV

New Delhi, Oct 15, 2021: Petrol and diesel prices continued to rise on Friday, October 15, following a surge in global crude oil rates. In the national capital, petrol and diesel rates jumped 35 paise to cost ₹ 105.14 and ₹ 93.87 per litre respectively, according to Indian Oil Corporation. The rates were last increased by 35 paise on Thursday.

 

In Mumbai, petrol price moved 34 paise higher to cost ₹ 111.09 per litre, while diesel rates surged 38 paise to cost ₹ 101.78 per litre. Among the four metro cities, fuel rates are the highest in Mumbai, according to the state-run oil refiner. The rates vary across the states due to value-added tax or VAT.

State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.Globally, Brent crude rose 0.58% to $84.50 per barrel, approaching a three-year high hit on Monday.