According to the Indian Oil Corp data, petrol was priced at Rs 76.38 per litre in the national capital on Wednesday.
The
prices of key transport fuels -- petrol
and diesel -- remained unchanged on Wednesday after continuing to
fall for consecutive days thanks to lower global crude oil prices.
According
to the Indian Oil Corp data, petrol was priced at Rs 76.38 per litre
in the national capital on Wednesday.
Petrol
prices declined to Rs 81.90 per litre in Mumbai, Rs 78.33 in
Kolkata and Rs 79.31 in Chennai on Wednesday.
In
tandem with petrol, the cost of diesel too remained unchanged on
Wednesday across the four metros.
The
price of diesel in Mumbai was down at Rs 74.66 per litre. Similarly,
prices of diesel in Delhi, Kolkata and Chennai declined to Rs 71.27
per litre, Rs 73.13 and Rs 75.31 a litre respectively.
As
per the daily dynamic pricing regime, domestic fuel prices depend on
international fuel
prices on a 15-day average, besides the value of the rupee.
Prices
vary from region to region due to local taxes, as the products are
excluded from the GST regime. Delhi has the lowest tax rate among the
four metros.
The
United States recently softened its stand on Iran's sanctions and
gave its nod to eight countries to continue importing oil from Iran
temporarily. The list of countries includes India, China, South
Korea, Japan, Turkey, Italy, the United Arab Emirates, and Taiwan.
Earlier
last month, the Centre announced a cut in excise duty by Rs 1.50 a
litre.
Additionally,
the state-owned oil marketing companies had been mandated to reduce
the prices of petrol and diesel by Re 1 a litre.
