Petrol and diesel prices remained unchanged for the third straight day on Tuesday, March 2, after touching new record highs on February 27 (Saturday). On Saturday, the price of petrol was increased by 24 paise per litre in the national capital to record high of Rs 91.17 per litre while diesel increased by 15 paise to Rs 81.47 per litre. Meanwhile, in Mumbai, the petrol and diesel rates are at Rs 97.57 per litre and Rs 88.60 per litre respectively, according to Indian Oil Corporation. Currently, among the four metro cities, the fuel rates are the highest in Mumbai. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City)
Here are the current prices of petrol and diesel (in rupees per litre):
|Source: Indian Oil|
Oil marketing companies – Bharat Petroleum, Indian Oil Corporation, and Hindustan Petroleum align the rates of domestic fuel with the global benchmarks, by taking into account any changes in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am each day. Fuel prices in the country have witnessed a hike since January 2021 due to a rally in global crude oil prices.
Meanwhile, Brent crude futures, the global oil benchmark, declined 0.05 per cent to $ 63.66 per barrel. The rupee gained 18 paise to 73.37 against the US dollar supported by positive domestic equities.