Fuel Price Update : Petrol, diesel prices remain steady for 2nd day

Insight Online News

New Delhi, Apr 1 : Prices of petrol and diesel were steady at Rs 90.56 per litre and Rs 80.87, respectively, across the country on Thursday.

The auto fuel prices were last changed on March 30, when petrol fell by 22 paise per litre and diesel slipped by 23 paise in the national capital.

In Mumbai, petrol is retailing at Rs 96.98, while diesel costs Rs 87.96, data available on Indian Oil Corporation’s website showed.

The key auto fuel prices were revised on three occasions during the entire month of March 2021.

The central and state taxes make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. Centre levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 a litre on diesel.

Petrol and diesel prices are generally revised on a daily basis in line with benchmark international price and foreign exchange rates.

Crude prices too, rose on Thursday, recouping some of the previous session’s losses on expectations that a meeting of OPEC and its allies later today would yield output constraint in the face of resurgent COVID-19 infections in some regions.


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