On Monday, September 20, 2021, petrol and diesel prices in the four metros remained steady for the 15th day in a row. According to Indian Oil Corporation, petrol prices in the national capital were fixed at 101.19 per litre and diesel prices were also unchanged at 88.62 per litre.
Fuel prices in Mumbai followed a similar pattern. The price of petrol remained constant at Rs 107.26 per litre. On May 29, the financial hub became the first city in the country to sell petrol for more than Rs 100 per litre.
In Maharashtra's capital, the price of diesel remained unchanged at Rs 96.19 a litre.
In Kolkata, too, the gasoline rates remained steady, with a litre of petrol and diesel costing Rs 101.62 and Rs 91.71, respectively.
According to the state-run oil refiner, Mumbai has the highest fuel prices among the four metro cities. Because of the value-added tax, or VAT, fuel prices vary by state.
A litre of petrol was also sold in Chennai for the same price - Rs 98.96. In Tamil Nadu's capital, the price of diesel remained steady at Rs 93.26 per litre.
Meanwhile, since oil corporations suffer acute margin stress, a rise in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India, according to news agency PTI quoting sources.
State-run oil refineries such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum adjust fuel prices on a daily basis, taking into account worldwide crude oil prices as well as rupee-dollar exchange rates. Any changes in petrol and diesel prices take effect at 6 a.m. every day.