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Fuel prices remain unchanged after 14 rides in 16 days

Petrol prices remained unchanged today

Gasoline and diesel prices today: Fuel prices remained unchanged in metropolitan cities on Thursday April 7, 2022 after being increased for five consecutive days and in all, 14 times in the past 16 days. In Delhi, a liter of petrol is sold at Rs 105.41, while diesel is sold at Rs 96.67 per litre.

In Mumbai, petrol retails at Rs 120.51 per liter while diesel is priced at Rs 104.77 per litre. Fuel prices are the highest in Mumbai among the four metropolitan cities. Prices vary from state to state due to Value Added Tax (VAT).

Fuel prices have remained stable for more than four months despite soaring crude oil prices. The rate review ended on March 22. In total, petrol and diesel prices rose by Rs 10 per litre, respectively, after 14 rate reviews.

(Also Read: How to check the latest gasoline and diesel prices in your city).

Here is the price of gasoline and diesel in metropolitan cities:

Moody’s Investors Services had said state retailers together lost about $2.25 billion (Rs 19,000 crore) in revenue for holding down petrol and diesel prices during the election period.

Rates were maintained amid assembly elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.

State-run oil refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices daily, taking into account crude oil prices in international markets and rupee-dollar exchange rates. Any changes to gasoline and diesel prices are implemented with effect from 6 a.m. daily.

India is 85% dependent on imports to meet its oil needs and domestic gasoline and diesel prices are tied to international rates.


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