Petrol and diesel prices across the country remained steady for the fourth consecutive day on Monday. The fuel prices were last revised on March 25, after remaining unchanged for 24 days consecutive days when they were at record highs. Petrol prices fell by 21 paise per litre then and diesel prices slipped by 20 paise. As per data available on Indian Oil Corporation’s (IOC) website, currently price of one litre of petrol in Delhi stands at ₹90.78 while diesel is available for ₹81.10. In Mumbai, petrol is retailing at ₹97.19, while diesel costs ₹88.20.
The prices of petrol and diesel vary from state to state owing to the taxes that get levied on them by both central as well as state governments along with freight charges. The taxes levied by both make up for 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. The fuel prices are generally revised on a daily basis in tandem with the benchmark international price and foreign exchange rates.
