Relief for consumers; no change in fuel prices

Relief for consumers; no change in fuel prices

Agency News

New Delhi, Mar 6 : Fuel prices remained unchanged on Wednesday after several days of hike on Tuesday. In the national capital, petrol is being sold for Rs 72.24 per litre while diesel costs Rs 67.64 a litre. In Mumbai, a litre of petrol costs Rs 77.87 while diesel is at Rs 70.86 per litre.

According to Indian Oil Corporation website, petrol and diesel cost Rs 74.33 and Rs 69.43 per litre in Kolkata. Similarly, in Chennai petrol is retailing at Rs 75.02 and diesel Rs 71.49 a litre.

In Noida, petrol is retailing at Rs 71.75 a litre and diesel costs Rs 66.58. As per the country’s dynamic pricing mechanism, the domestic fuel prices depend upon international fuel prices on a 15-day average and the value of the rupee.

The price of the two fuels retailing at the petrol pumps is calculated after adding central excise duty, dealers commission and value-added tax (VAT) to the base price. The prices are revised at 6 am daily, earlier it used to be revised every fortnight. (UNI)