Fuel prices held steady across the country on Monday for the sixth consecutive day. The prices of petrol and diesel were last lowered on Tuesday after a reduction in the international crude prices. Before Tuesday, the fuel prices were not changed for four consecutive days. According to data available on the Indian Oil Corporation’s (IOC) website on Monday, the price of one litre of petrol in Delhi was ₹90.56 and diesel was priced at ₹80.87. In Mumbai, petrol is currently retailing at ₹96.98 and diesel costs ₹87.96.
Fuel prices vary in states on account of the taxes levied on them by both central as well as state governments along with freight charges. These taxes 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.
