Fuel Prices Steady On Wednesday For The 17th Consecutive Day

The price of petrol in Delhi was recently reduced to Rs 101.19 per litre and the price of diesel to Rs 88.62 per litre. On September 16, prices in the national capital remained unchanged. On Wednesday, September 22, 2021, petrol and diesel prices in the four metros were steady for the 17th day in a row.

In Mumbai, a litre of petrol costs 107.26 rupees, while a litre of diesel costs 96.19 rupees. (Also see: How To Get The Most Up-To-Date Petrol And Diesel Prices In Your City.)

According to the state-run oil refiner, Mumbai has the highest fuel prices of the four metro cities. Because of the value-added tax, or VAT, fuel prices vary by state.

Meanwhile, oil prices increased little in a seesaw session on Tuesday, as concerns about global consumption prospects outweighed the struggle of big OPEC producers to pump enough supply to satisfy rising demand.

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.

After plunging over 2% on Monday, Brent crude recovered 44 cents to settle at $74.36 a barrel, up 44 cents.

In the worldwide market, the price of petrol and diesel is currently roughly $4-6 per barrel more than it was in August. Oil firms, on the other hand, have had little impact on retail pricing thus far, according to sources. Oil marketing companies (OMCs) will have to raise retail prices of gasoline and diesel if worldwide prices remain at this level, they stated.

Petrol and diesel retail prices were last raised on July 17 and July 15, respectively. Prior to that, from May 4 and July 17, the price of petrol was hiked by Rs 11.44 per litre.