New Delhi, May 22 (UNI) Fuel prices remain unchanged on Wednesday.
In Delhi, petrol retails at Rs 71.17 per litre while diesel costs Rs 66.20 a litre.
In Mumbai, people have to shell out Rs 76.78 per litre while diesel retails at Rs 69.36 a litre.
According to Indian Oil Corporation website, petrol and diesel cost Rs 73.24 p/litre and Rs 67.96 a litre in Kolkata.
Similarly, in Chennai, petrol is retailing at Rs 73.87 per litre and diesel costs Rs 69.97 a litre.
In Noida, petrol is available at a price of Rs 70.90 per litre and diesel costs Rs 65.33 a litre.
In Gurugram, petrol is being sold for Rs 71.41 a litre and diesel Rs 65.42 per litre.
As per the country’s dynamic pricing mechanism, the domestic fuel prices depend upon International fuel prices on a 15-day average and the value of the rupee.
The price of the two fuels retailing at the petrol pumps is calculated after adding central excise duty, dealers commission and value-added tax (VAT) to the base price.
The prices are revised at 0600 hrs daily, while earlier it used to be revised every fortnight.
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