After seeing fluctuations in several cities yesterday, petrol prices have largely remained unchanged on Thursday, according to goodreturns.com. Fuel rates in major cities including Delhi, Mumbai, Kolkata and Chennai have remained same since May 21 last year, when the previous pan-India revision to fuel prices was done.
People in Delhi will have to continue to pay ₹96.72 for a litre of petrol and ₹89.62 for an equal quantity of diesel. while people in Mumbai must pay ₹106.31 and ₹94.27 respectively.
However, in places including NCR and Uttar Pradesh
Here are the rates, meanwhile, for other major cities:
| Cities | Petrol (per litre) | Diesel (per litre) |
| Bengaluru | ₹101.94 | ₹87.89 |
| Chennai | ₹102.63 | ₹94.27 |
| Jaipur | ₹108.08 | ₹93.36 |
| Kolkata | ₹106.03 | ₹92.76 |
| Lucknow | ₹96.36 | ₹89.56 |
| Noida | ₹96.69 | ₹89.86 |
| Gurugram | ₹97.10 | ₹89.96 |
| Patna | ₹107.24 | ₹94.04 |
| Chandigarh | ₹96.20 | ₹84.26 |
How do OMCs determine fuel prices?
OMCs such as Indian Oil, Bharat Petroleum and Hindustan Petroleum review and determine petrol and diesel prices on a daily basis. These are determined in accordance with the price of crude oil throughout the world.
Why fuel prices vary across states?
The rates for each day, whether new or unchanged, are announced at 6 am on the day . These, however, vary from state-to-state; this is due to criteria such as Value Added Tax (VAT), freight charges, local taxes etc.
