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Fuel prices across Indian cities remained largely constant on Sunday. Major cities like Delhi, Mumbai, Kolkata and Chennai witnessed no change in the prices of petrol and diesel.

In Delhi, a litre of petrol and diesel is being sold at <span class=
In Delhi, a litre of petrol and diesel is being sold at 96.72 and 89.62 respectively.

In Delhi, a litre of petrol and diesel is being sold at 96.72 and 89.62 respectively. In Mumbai, a litre of petrol continued to retail at above 100 at 106.31, while diesel stands at 94.27. In Kolkata, citizens must pay 106.03 for one litre of petrol, and 102.63 in Chennai. To buy one litre of diesel in these cities, customers will have to pay 92.76 and 94.24, respectively.

The petrol and diesel rates for each day, whether new or unchanged, are announced at 6 am on the day. These, however, vary from state to state due to value-added tax (VAT), freight charges, local taxes, etc.. The petrol price in Delhi is 96.72 per litre on July 16, while the diesel rate stands at 89.62/litre.

Fuel rates have stayed the same since May 2022, when the central government and several states had cut fuel taxes.

In India, oil marketing companies (OMCs) – Bharat Petroleum, Hindustan Petroleum, and Indian Oil – revise petrol and diesel prices, which are announced at 6am daily – irrespective of whether its constant or unchanged..

City Petrol price (per litre) Diesel price (per litre)
Bengaluru 101.94 87.89
Chandigarh 96.20 84.26
Gurugram 97.10 89.96
Hyderabad 109.66 97.82
Jaipur 108.08 93.36
Lucknow 96.57 89.76
Noida 96.53 89.71

Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from a strong rally, with crude benchmarks recording their third-straight weekly gain. Oil prices gained nearly 2% on a weekly basis, after supply disruptions in Libya and Nigeria heightened concerns that the markets will tighten in coming months. Russian oil exports have also decreased significantly and, if this trend continues next week, it would probably drive prices up further.

(With inputs from Reuters)

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