Gasoline and Diesel Prices Today: Fuel prices remained unchanged on Wednesday, November 3, after rates were hiked for seven consecutive days. In the nation’s capital, gasoline and diesel prices were Rs 110.04 and Rs 98.42 per liter respectively, according to Indian Oil Corporation.
Gasoline now costs 33.22% more than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. ATF in Delhi costs 82,638.79 per kiloliter, or about Rs 82.6 per liter.
In Mumbai, a liter of gasoline currently costs Rs 115.85 and diesel is sold at Rs 106.62 per liter. Gasoline prices in Chennai have exceeded Rs 106 per liter and are currently priced at Rs 106.66 per liter; while the rate of diesel stood at 102.59. Among the four metropolitan cities, fuel prices are the highest in Mumbai, according to the state-run oil refiner. Fuel prices vary from state to state due to value added tax or VAT.
Here are the prices of gasoline and diesel in metropolitan cities:
State-run oil refiners like Indian Oil, Bharat Petroleum, and Hindustan Petroleum review fuel prices daily, taking into account crude oil prices in international markets and rupee-to-dollar exchange rates. Any change in gasoline and diesel prices is implemented from 6 a.m. daily.
Globally, oil prices fell as Brent crude futures fell 87 cents, or 1.03%, to $ 83.85 a barrel. US West Texas Intermediate (WTI) crude futures fell 85 cents, or 1%, to $ 82.76 a barrel.