Almost after a week, petrol prices rose on Tuesday while diesel remained stable. An increase of 6-10 paise per litre was registered in petrol prices. In Delhi, petrol was retailing at Rs 73.41 per litre, a six paise rise from Monday. Diesel stood at Rs 66.24 per litre. In Mumbai, while petrol was valued at Rs 79.02 per litre, a 6 paise increase from yesterday’s rate, diesel price stood at Rs 69.43 a litre.
According to the Indian Oil Corporation data, petrol was retailing at Rs 75.87 per litre in Kolkata, a 10 paise increase from yesterday while diesel costs Rs 68.31 a litre. Petrol in Chennai retailed at Rs 76.24 per litre while diesel costs Rs 69.96 a litre. In Noida, petrol was available at a price of Rs 72.63 per litre and diesel stood at Rs 65.34 a litre. While petrol in Gurugram was priced at Rs 73.15 a litre, diesel was being sold at Rs 65.43 p/l.
As per the country’s dynamic pricing mechanism, the domestic fuel prices depend upon International fuel prices on a 15-day average and the value of the rupee. The price of the two fuels retailing at the petrol pumps is calculated after adding central excise duty, dealers commission and value-added tax (VAT) to the base price. The prices are revised at 0600 hrs daily, while earlier, they used to be revised every fortnight.
