After seeing an increase in petrol and diesel prices, they remained stable for the ninth day straight on November 13. This was after the Centre cut its excise duties.
According to Indian Oil Corporation, petrol in the capital is sold at Rs 103.97 and diesel at Rs 86.67. Mumbai petrol retails at Rs.109.98 per Liter, while diesel retails at Rs.94.14 per Liter.
The price of petrol in Delhi was reduced to Rs 103.97 per litre by the November 4th cut. On November 13, the price of petrol in Delhi remained unchanged at Rs 103.97 per litre. Diesel prices remained the same at Rs. 86.67 per Liter on November 13.
Similar trends were observed in Mumbai as well. Petrol was priced at Rs 109.98 per litre and diesel at Rs 94.14 per. This is the same price as yesterday.
Indian Oil, Bharat Petroleum and Hindustan Petroleum are state-run oil refiners. They revise fuel rates daily by taking into consideration the international crude oil prices and the rupee/dollar exchange rates. Every day, petrol and diesel prices change at 6 am.
Prices of petrol and diesel in India are affected by many factors, including demand, value of INR against USD, and consumption ratios of refineries. Oil marketing companies like Bharat Petroleum and Indian Oil adjust the fuel prices based on international oil prices.