Fuel Rates: Petrol, Diesel Remain Unchanged For Second Straight Day

Petrol and diesel prices across the country remained steady for the second day in a row Monday, after rising for four days in a row until Sunday. The Oil Marketing Companies (OMCs) made the most recent fuel price adjustment on October 17th.

In Delhi, petrol and diesel prices were at an all-time high of 105.84 per litre and 94.57 per litre, respectively.

One litre of petrol costs 111.77 rupees in Mumbai, while diesel costs Rs 102.52

In Kolkata, West Bengal, petrol and diesel were priced at 106.43 per litre and 97.68 per litre, respectively. In Chennai, a litre of petrol costs Rs 103.01 and a litre of diesel costs Rs 98.92.

Petrol is currently at or above Rs 100 a litre in all state capitals, while diesel is at or above Rs100 in more than a dozen states. In Bengaluru, Daman, and Silvassa, diesel prices surpassed Rs100 per litre.

Meanwhile, the country's soaring fuel prices are unlikely to be reversed very soon. The central government is in talks with a number of oil-exporting countries about oil supply and demand, but there is no chance of fast price relief.

Petrol prices have jumped 16 times and diesel prices have increased 19 times since the end of a three-week rate revision break in the last week of September.

State-owned fuel retailers have begun passing on the higher incidence of cost to consumers beginning October 6, eschewing the modest price rise strategy. For the first time in seven years, the international benchmark Brent crude oil is trading at $84.8 per barrel.