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Petrol, Diesel Prices Hiked For 3rd Straight Day On Saturday. Check Latest Rates Here

Petrol, Diesel Prices Hiked For 3rd Straight Day: Diesel Crosses Rs 102-Mark In Mumbai

Petrol and Diesel Price: Fuel charges had been hiked throughout metro cities as we speak

Petrol, Diesel Price Today: Petrol and diesel costs touched new document highs on Saturday, October 16, as charges had been hiked for the third consecutive day, monitoring a surge in international crude oil costs. In the nationwide capital, petrol costs had been hiked by 35 paise from Rs 105.14 per litre to Rs 105.49 per litre, whereas diesel charges had been additionally hiked by 35 paise from Rs 93.87 to Rs 94.22 based on Indian Oil Corporation.

In Mumbai, the petrol costs had been hiked by 34 paise to Rs 111.43 per litre, and diesel charges crossed the Rs 102-mark – presently being offered at Rs 102.15 per litre. Among the 4 metro cities, gasoline charges are the very best in Mumbai, based on the state-run oil refiner. Fuel charges differ throughout the states resulting from value-added tax or VAT. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City). 
 

Here are the petrol and diesel value throughout the metro cities:

State-run oil refiners resembling Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the gasoline charges each day, by making an allowance for the crude oil costs within the worldwide markets, and the rupee-dollar trade charges. Any adjustments in petrol and diesel costs are applied with impact from 6 am each day. 

On Friday, October 15, oil costs settled at a three-year excessive above $85 a barrel, boosted by forecasts of a provide deficit within the subsequent few months because the easing of Covid-related restrictions spurred  demand.

Brent crude futures settled up 86 cents, or one per cent, at $84.86 a barrel. The front-month costs, which touched their highest stage since October 2018 at $85.10, hit a weekly rise of three per cent – its sixth straight weekly achieve. U.S. West Texas Intermediate (WTI) crude futures rose 97 cents, or 1.2 pe rcent, to $82.28 a barrel. 

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