Petrol and diesel price today: Prices of petrol and diesel touched new record highs after they were hiked for the second consecutive day across the country on Thursday, October 28, 2021. In the national capital, both petrol and diesel prices were risen by 35 paise each.
Following the latest price revision, petrol in Delhi is now retailing at Rs 108.29 a litre while diesel is selling at Rs 97.02. In the financial capital Mumbai, petrol price now stands at Rs 114.14 while diesel costs Rs 105.12, data available on Indian Oil Corporation’s website showed.
In India, the fuel prices differ from state to state depending on the local taxation (VAT) and freight charges. Apart from this, the central government charges an excise duty on auto fuels.
The OMCs revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.