Petrol prices today slightly higher; check out city-wise variation
Petrol prices: Petrol price in Delhi quoted at Rs 72.48, against yesterday's Rs 72.46, while the price in Kolkata was at Rs 75.21, slightly higher than the previous day's price of Rs 75.19
Petrol prices (non-branded Indian Oil) in major metro cities were slightly higher today. Petrol price in Delhi quoted at Rs 72.48, against yesterday's Rs 72.46, while the price in Kolkata was at Rs 75.21, slightly higher than the previous day's price of Rs 75.19. Petrol price in Mumbai was at Rs 80.35, against Rs 80.33 yesterday. The price in Chennai too was two paisa higher at Rs 75.17, against the previous day's price of Rs 75.15.
Diesel prices were on the higher side today in four major metro cities. Price in Delhi was at Rs 62.89 today, it was bit higher than the yesterday's price of Rs 62.88.
Diesel prices in Kolkata , Mumbai and Chennai were Rs 65.58, Rs 66.97 and Rs 66.31, respectively, today, agaist yesterday's price of Rs 65.57, Rs 66.96 and Rs 66.30 in Kolkata, Mumbai and Chennai, respectively.
The petrol stations in India can be clubbed into two categories -- automated petrol bunks and non-automated petrol stations. Automated petrol bunks are fewer in number and revise the petrol rate automatically, according to bankbazaar.com. In case of non-automated petrol bunks, the revision is done manually at 06:00 am every day. Dealers are intimated next day’s price by oil marketing companies at 8 pm.
Even as dynamic fuel pricing is beneficial for end petrol consumers and dealers, the daily revision impacts the financial and economic health of any state. Daily price revision ensures 100% fuel pricing transparency.