State run oil marketing companies have kept auto fuel rates unchanged for over three weeks now. The price of petrol today (August 9, 2021) in the national capital is steady at Rs. 101.84 per litre, while diesel costs Rs. 89.87 per litre. Since May 4, post the conclusion of assembly elections in some of the states, fuel rates were raised 41 times and currently trending at record highs.
Below are the fuel rates across 4 metro cities on August 9, 2021:
|Metro city||Petrol rate in Rs/litre||Diesel rate in Rs./litre|
Petrol, diesel prices vary across cities owing to VAT, local taxes and freight charges. Petrol prices have crossed Rs. 100 per litre in as many as 13 states and Union Territories including MP, Delhi, Maharashtra, Rajasthan, Andhra Pradesh, Jammu and Kashmir, Karnataka, Telangana, Ladakh, Tamil Nadu, Odisha and some of the cities of Punjab and Bihar.
Based on the international crude rates and rupee dollar exchange rate, fuel retailers in the country revise rates on a daily basis at 6 am.
Crude oil prices in the international markets today (August 9, 2021)
Oil prices in the international market continued with their losing streak after sharp losses over the last week and dropped by 2 percent today. Crude prices are majorly weighed down by the gains in the US dollar as well as fresh Covid curbs in China, which may hamper the global recovery of demand for the commodity.
Brent crude future dropped $1.41 or 2% to $69.29 per barrel by 0125 GMT, while the WTI benchmark traded with losses to the tune of 1.95% at $66.95 a barrel.