Petrol and Diesel Prices on October 2:Check Rates in Major Cities

Petrol and Diesel Prices on October 2:As per the latest price notification by fuel retailers, petrol and diesel prices have remained unchanged on October 2 in major Indian cities, maintaining their steady rates for an entire year.

It’s worth noting that petrol and diesel prices vary from state to state due to factors such as Value Added Tax (VAT), freight charges, and local taxes.

Public sector oil marketing companies (OMCs), such as Bharat Petroleum Corporation Ltd (BPCL) and Indian Oil Corporation Ltd (IOCL),(BPCL), Indian Oil Corporation Ltd. (IOCL), and Hindustan Petroleum Corporation Ltd. (HPCL), revise their prices daily based on international benchmark prices and forex rates.

City-wise Price Breakdown

  • In the capital city, Delhi, the rates for petrol and diesel stand at Rs 96.72 per litre and Rs 89.62 per litre, respectively.
  • Mumbai residents are paying Rs 106.31 per litre for petrol and Rs 94.27 per litre for diesel.
  • In Chennai, petrol costs Rs 102.74 per litre, while diesel is priced at Rs 94.33 per litre.
  • Kolkata residents are paying Rs 106.03 per litre for petrol and Rs 92.76 per litre for diesel.

The last nationwide change in fuel rates occurred on May 21 of the previous year when Finance Minister Nirmala Sitharaman reduced excise duty on petrol by Rs 8 per litre and diesel by Rs 6 per litre.

You can easily check petrol and diesel prices from your home. Just send a message from your phone to 9224992249 with your city code, which can be found on Indian Oil’s website.

Oil Prices

Oil prices saw a rebound on Monday, partially recovering from the losses experienced on Friday. This upward trend was driven by investor optimism regarding a tight global supply situation and relief following a last-minute deal that prevented a U.S. government shutdown.

In early trading, Brent December crude futures increased by 18 cents, equivalent to a 0.2 percent rise, reaching $92.38 per barrel, following a decline of 90 cents on Friday. Similarly, U.S. West Texas Intermediate crude futures climbed by 23 cents, or 0.3 percent, to reach $91.02 a barrel, after having dropped by 92 cents in the previous trading session.

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