Petrol and diesel prices remained unchanged in the country for the 19th straight day on Thursday.

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Accordingly, the price of petrol and diesel was static at Rs 101.84 and Rs 89.87 per litre in Delhi, as per Indian Oil Corporation, the country's largest fuel retailer.

In Mumbai, the petrol price was unchanged at Rs 107.83 per litre on Thursday. The cost of diesel was stable at Rs 97.45 a litre.

The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil Corporation Limited (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) on a daily basis and any revision is implemented from 6 am in the morning.

Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. Rajasthan levies the highest value-added tax (VAT) on petrol.

On the global front, oil prices edged higher on Thursday, supported by tensions in the Middle East, but failed to regain most of the previous day's losses after a surprise build in crude stockpiles in the United States, the world's top oil consumer, according to news agency Reuters.

(Edited by : Anshul)

First Published:Aug 5, 2021 7:47 AM IST