New Delhi, May 16 (UNI) Fuel prices again witnessing an upward trend on Thursday. Petrol is selling beyond Rs 76 in Mumbai while diesel is retailing above Rs 69 in Chennai.
In Delhi, petrol retails at Rs 71.18 per litre while diesel costs Rs 65.91 a litre.
In Mumbai, people have to shell out Rs 76.79 per litre while diesel retails at Rs 69.05 a litre.
According to Indian Oil Corporation website, petrol and diesel cost Rs 73.25 p/litre and Rs 67.66 a litre.
Similarly, in Chennai, petrol is retailing at Rs 73.88 per litre and diesel costs Rs 69.66 a litre.
In Noida, petrol is available at a price of Rs 70.91 per litre and diesel costs Rs 65.09 a litre.
In Gurugram, petrol is being sold for Rs 71.42 a litre and diesel Rs 65.17 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 0600 hrs daily, while earlier it used to be revised every fortnight.
UNI DJK ADG 1527