Petrol, Diesel Rates Hiked For Third Straight Day

Fuel prices continued to surge to record high levels on Friday, October 29, for the third straight day. In the national capital, petrol and diesel rates soared 35 paise to cost ₹ 108.64 and ₹ 97.37 per litre respectively, according to Indian Oil Corporation.

Petrol now costs 37.52 per cent more than the price at which aviation turbine fuel (ATF or jet fuel) is sold to airlines. ATF in Delhi costs ₹ 79,020.16 per kilo litre or roughly ₹ 79 per litre

In Mumbai, a litre of petrol now costs ₹ 114.47, and diesel is sold at ₹ 105.49 per litre. Petrol prices in Chennai moved above the ₹ 105 per litre-mark and is currently sold at ₹ 105.43 per litre; while diesel rate stood at 101.59. Among the four metro cities, fuel rates are the highest in Mumbai, according to the state-run oil refiner. Fuel rates vary across the states due to value-added tax or VAT.