Petrol and diesel prices remained unchanged for more than a month across metros on July 1. Petrol is selling for 96.72 per litre in Delhi whereas diesel costs Rs 89.62 per litre in the national capital. In Mumbai, petrol sells for 111.35 per liter and diesel is available at a cost of 97.28 per liter.
Petrol costs Rs 102.63 per litre in Chennai and Rs 106.03 per litre in Kolkata. Diesel sells for 94.24 per litre and 92.76 per litre in Chennai and Kolkata.
Petrol costs Rs 109.66 per litre Hyderabad - Rs 96.79 per litre Noida and Rs 96.57 per litre Lucknow whereas diesel is available for Rs 97.82 per litre Hyderabad - 89.96 per litre Noida and Rs 89.76 per litre Lucknow Petrol and diesel are the costliest in Rajasthan's Sri Ganganagar district. Diesel is available at a whopping Rs 98.24 per liter, while petrol sells for Rs 113.49 per litre.
Oil marketing companies OMCs have provided some relief to the common man as the prices of 19 kg cylinders have been slashed by around 200 cylinders, as per a recent notification by OMCs. After the downward revision of prices, a 19 kg cylinder costs Rs 2,021 in Delhi, Rs 2,140 in Kolkata, Rs 1,981 in Mumbai and Rs 2,186 in Chennai.
Petrol and diesel prices and LPG rates are decided on the basis of benchmark rates in the international oil market. India imports around 85 per cent of its oil and energy needs. Oil imports from Russia have gone up over 50 times since April, making up for 10 per cent of all crude purchased from overseas.
After sinking in the previous session, oil prices went up in early trade as investors worried about the global economy and OPEC said it would stick to its planned oil output hikes in August. The news agency Reuters reported that Brent crude futures rose 83 cents or 0.8 per cent to $109.86 per barrel whereas US WTI crude futures for August delivery rose 70 cents or 0.7 per cent to $106.46 per barrel.