Petrol, Diesel Prices Remain Steady On Thursday

The domestic prices of petrol and diesel were left unchanged across the metros for the second consecutive day, on Thursday. In Delhi, the rate of petrol was steady at ₹ 81.06 per litre and diesel was untouched at ₹ 71.28 per litre with effect from 6 am on September 24, according to notifications from Indian Oil Corporation (IOC), the country’s largest fuel retailer. In Mumbai, there was no change in the petrol and diesel prices at ₹ 87.74 and ₹ 77.73 respectively.

State-run oil marking companies such as Indian Oil Corporation review the petrol and diesel prices on a daily basis, and implement any revisions at fuel stations with effect from 6 am. Indian Oil, Bharat Petroleum and Hindustan Petroleum account for the majority of fuel stations in the country.

Meanwhile, oil prices edged higher on Wednesday, supported by U.S. government data that showed crude and fuel inventories dropped last week, though concerns about the ongoing coronavirus pandemic capped gains.

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