Fuel Rates At Record High But Changed On October 18, 2021

Petrol and diesel prices remain at record high but are left unchanged on October 18, 2021. Fuel rates vary across states owing to the variation in implication of local taxes.

Here are the latest fuel rates as on October 18, 2021:

State-run oil marketing companies including BPCL, HPCL and IOC began revising fuel rates on a daily basis on September 24 after international crude rates hit close to a 3-year high. Notably, now the crude prices internationally have hit 7-year high and fuel rates in the country have been kept unchanged after 7 consecutive days of hike.

Know how to find fuel rates in your city

You can now fuel rates in your city by an SMS. As per the website of Indian oil, you would need to type RSP together with your city's code and send the same to the number 9224992249. For codes that are unique to each city, you can check the website of IOCL.

International crude rates

The surge in domestic fuel price to record high comes on the back of international crude rates which are at their 7-month high levels.

Crude oil price holds importance as it is an important commodity and emerging markets including China, India and Latin America greatly influence the price of oil. International crude's benchmark is up by 1.5 percent at $83.53 per barrel and brent benchmark trades at 85.82 per barrel.

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