New Delhi: On Wednesday (April 24), Petrol and diesel prices were unchanged for the fourth straight day. In national capital Delhi, petrol is being sold for Rs 72.95 per litre while diesel costs Rs 66.46 a litre, no change compared with yesterday’s price. State-controlled oil marketing companies kept the retail petrol and diesel prices unchanged across major cities of the country on Tuesday (April 23). In national capital Delhi, petrol is being sold for Rs 72.95 per litre while diesel costs Rs 66.46 a litre, no change compared with yesterday’s price. The retail fuel prices in Delhi are the cheapest among all metros and most state capitals due to lower taxes.
In major metro cities across the country, in Mumbai, citizens have to pay Rs 78.52 for a litre of petrol while diesel costs Rs 69.56 per litre, as per data available with Indian Oil Corp website. Similarly, in Chennai, petrol and diesel are selling for Rs 75.71 a litre and Rs 70.17 per litre, no change in rates against yesterday’s prices. People in Kolkata have to shell out Rs 74.97 for a litre of petrol while diesel retailed at Rs 68.20 per litre. In Noida also, petrol price remained static at Rs 72.27 and diesel price at Rs 65.53. In Gurugram, petrol, diesel prices remained unchanged at Rs 72.81 and Rs 65.63 respectively.
Worth mentioning here is that the price of petrol and diesel prices in the country is dependent on the global crude prices and the rupee-US dollar exchange rate as India imports 80 per cent of its crude requirements.On Wednesday, the rupee was trading at 69.88 against the US dollar, down 27 paise against Tuesday's closing price. Meanwhile, crude oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington's push for tighter sanctions against Iran. Brent crude futures were at $74.24 per barrel at 0058 GMT, down 27 cents, or 0.4 per cent, from their last close.