New Delhi, May 3 (UNI) After a decline in fuel prices by 5 to 6 paise per litre on Thursday, petrol and diesel prices remained unchanged on Friday.
In Delhi, petrol retails at Rs 73.07 per litre while diesel costs Rs 66.66 p/l.
In Mumbai, people have to shell out Rs 78.64 for a litre of petrol and diesel retails at Rs 69.77 p/l.
According to Indian Oil Corporation website, petrol and diesel cost Rs 75.08 p/litre and Rs 68.39 a litre.
Similarly, in Chennai, petrol is retailing at Rs 75.84 per litre and diesel costs Rs 70.39 a litre.
In Noida, petrol is available at a price of Rs 72.89 per litre and diesel costs Rs 65.79 a litre.
In Gurgaon, petrol is being sold for Rs 72.37 a litre and diesel Rs 65.71 p/l.
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.