Fuel prices remain unchanged

Fuel prices remain unchanged

Agency News

New Delhi, June 5: Fuel prices remained unchanged for the second consecutive day on Wednesday. In Delhi, petrol retails at Rs 71.23 per litre while diesel costs Rs 65.56 a litre.In Mumbai, people have to shell out Rs 76.91 per litre while diesel retails at Rs 68.76 a litre.

According to Indian Oil Corporation website, petrol and diesel cost Rs 73.47 p/l while diesel is being sold for Rs 67.48 a litre in Kolkata. Similarly, in Chennai, petrol is retailing at Rs 74.01 per litre and diesel costs Rs 69.36 per litre.

In Noida, petrol is available at a price of Rs 70.96 per litre and diesel costs Rs 64.80 a litre. In Gurugram, petrol is being sold for Rs 71.48 a litre and diesel Rs 64.89 per 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 6 am daily, while earlier it used to be revised every fortnight.(UNI)