financetom
Economy
financetom
/
Economy
/
No change in petrol, diesel rates for 24th straight day
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
No change in petrol, diesel rates for 24th straight day
Mar 23, 2021 12:05 AM

Fuel prices across the metros remained unchanged for the 24th straight day on Tuesday. In the national capital, the price of petrol remained steady at Rs 91.17 per litre and diesel was stable at Rs 81.47 per litre, according to Indian Oil Corporation, the country's largest fuel retailer.

Share Market Live

NSE

In Mumbai, the petrol price remained unchanged at Rs 97.57 per litre on Friday. The cost of diesel also was the same at Rs 88.60 a litre.

The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis and any revision is implemented from 6 am in the morning.

Indian Oil Corporation had last increased fuel prices on February 27. Since then, the fuel rates have been unchanged across the four metro cities.

The fuel prices vary from state to state in the country due to the value-added tax or VAT.

Meanwhile, oil prices fell 1 percent on Tuesday globally on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow recovery in fuel demand and as producers cut prices, indicating ample oil supply.

US West Texas Intermediate (WTI) crude futures for May delivery fell 62 cents, or 1 percent, to $60.94 a barrel at 0149 GMT. The April contract expired on Monday at $61.55, up 13 cents from Friday, after plunging more than 6 percent last week.

Brent crude futures for May dropped by 68 cents, or 1.1 percent to $63.94, erasing a 9 cent gain in the previous session, according to news agency Reuters.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Foreigners boost US Treasury holdings to record highs in February
Foreigners boost US Treasury holdings to record highs in February
Apr 15, 2026
NEW YORK, April 15 (Reuters) - Foreign holdings of Treasuries climbed to a record high in February, data showed on Wednesday, rising for a second month in a sign of strong appetite for U.S. debt even as markets reassess the outlook for the Federal Reserve's interest rate policy. Holdings by foreigners rose to $9.49 trillion in February, up 2.1% from...
Regions Financial profit jumps on interest income boost, lower bad loan provisions
Regions Financial profit jumps on interest income boost, lower bad loan provisions
Apr 17, 2026
April 17 (Reuters) - Regions Financial ( RF ) reported a 14% rise in first-quarter profit on Friday, as strong loan growth following U.S. Federal Reserve rate cuts lifted interest income and provisions for bad loans fell. The Fed lowered interest rates by 75 basis points in the second half of 2025, boosting loan growth and lending income across U.S....
Lithuania and Estonia say US may delay military deliveries because of Iran war
Lithuania and Estonia say US may delay military deliveries because of Iran war
Apr 17, 2026
VILNIUS/TALLINN, April 17 (Reuters) - The United States has informed Lithuania and Estonia of possible delays in the delivery of U.S. military equipment because of the Iran war, the Baltic countries' defence ministries told Reuters on Friday. U.S. officials have informed some European counterparts, including in the Baltics and Scandinavia, that some previously contracted weapons deliveries are likely to be...
Deutsche Bank expects Fed to hold rates in 2026
Deutsche Bank expects Fed to hold rates in 2026
Apr 16, 2026
April 17 (Reuters) - Deutsche Bank expects the U.S. Federal Reserve to keep interest rates unchanged in 2026, citing oil-driven inflation risks linked to the Middle East war, resilient growth and a tight labour market that leave little room to cut. The brokerage had earlier pencilled in a 25-basis-point cut in September. Rate cuts this year would require some weakening...
Copyright 2023-2026 - www.financetom.com All Rights Reserved