Petrol prices remain unchanged

Petrol prices remain unchanged

Agency News

New Delhi, Mar 19 : Petrol prices remain unchanged on Tuesday while diesel rates were reduced further.

In the National Capital, petrol is being sold for Rs 72.78 per litre and diesel costs Rs 66.80 a litre as against Rs 66.91 on Monday. In Mumbai, a litre of petrol costs Rs 78.40 while diesel is at Rs 69.97 per litre whereas on Monday it was Rs 70.09 per litre.

According to Indian Oil Corporation website, petrol and diesel cost Rs 74.86 and 68.59 per litre in Kolkata. In Chennai, petrol is retailing at Rs 75.59 a litre while diesel Rs 70.59 a litre as against Rs 70.71 yesterday.

In Noida, petrol is retailing at Rs 72.72 per litre and diesel cost Rs 65.97 a litre. In Gurgaon, petrol is sold at Rs 72.18 a litre and diesel Rs 65.86per litre.

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 0600 hrs daily, while earlier it used to be revised every fortnight. (UNI)