Petrol, Diesel Rate Unchanged On Sept 23; Global Crude Rates Gain

The oil marketing companies (OMCs) have kept fuel rates unchanged today (September 23, 2021) across metro cities. With it petrol and diesel rates have been steady for 18 days in a row.Oil marketers revise crude rates on a daily basis based on the international crude rate in the previous fortnight as well as foreign exchange rate.

Petrol, Diesel Rate Unchanged On Sept 23; Global Crude Rates Gain

Last the rates were slashed on 5th September for both petrol and diesel, wherein petrol rates were cut by 13-15 paise, while diesel prices went lower by 14-15 paise.

Metro city	Petrol rate in Rs/litre	Diesel rate in Rs./litre
Delhi	101.19	Rs. 88.62
Mumbai	107.26	96.19
Kolkata	101.62	91.71
Chennai	98.96	93.26

In Mumbai, price of petrol breached Rs. 100 per litre level on May 29 this year.
Meanwhile crude oil WTI futures traded higher by 0.22 percent at $72.38 per barrel.

The recent price gain in the commodity is owing to the drop in US crude inventory to its lowest level in 3 years. Since oil marketing companies have been confronting high margin squeeze, there is viewed gains in the international crude rate will result in hike in retail selling price of auto fuel in Indian markets.

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