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Fuel prices: Petrol rises 8 -12 p/l; diesel unchanged

20190718

New Delhi,  After remaining stable for a day, petrol prices rose again on Thursday while diesel remained stable. An increase of 8-12 paise per litre registered in petrol prices. In Delhi, petrol was retailing at Rs 73.35 per litre, an 8 paise rise from Wednesday. Diesel stood at Rs 66.24 per litre. In Mumbai, while petrol was valued at Rs 78.96 per litre, an 8 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 75.77 per litre in Kolkata, a 12 paise increase from yesterday while diesel costs Rs 68.31 a litre. Petrol in Chennai retailed at Rs 76.18 per litre while diesel costs Rs 69.96 a litre. In Noida, petrol was available at a price of Rs 72.58 per litre and diesel stood at Rs 65.34 a litre.  While petrol in Gurugram was priced at Rs 73.04 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.

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