Fuel Rates Hiked Again On October 23, 2021; Oil Prices Set For Seventh Weekly Gains

Fuel Rates Hiked Again On October 23, 2021; Oil Prices Set For Seventh Weekly Gains

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Business oi-Roshni Agarwal

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Petrol and diesel prices continue to be increased on October 23, 2021 Fuel rates vary across states owing to the variation in implication of local taxes. Petrol and diesel rates have been increased by 35 paise each.

Fuel Rates Hiked Again Today; Oil Prices Set For Seventh Weekly Gains

Fuel Rates Hiked Again On October 23, 2021; Oil Prices Set For Seventh Weekly Gains

Here are the latest fuel rates as on October 23, 2021:

Metro city Petrol rate in Rs/litre Diesel rate in Rs./litre
Delhi 107.24 95.97
Mumbai 113.12 104
Kolkata 107.78 99.08
Chennai 104.22 100.25

State-run oil marketing companies including BPCL, HPCL and IOC began revising fuel rates on a daily basis on September 24 after international crude rates hit close to a 3-year high. Notably, now the crude prices internationally have hit 7-year high and fuel rates in the country have been kept unchanged after 7 consecutive days of hike.

Know how to find fuel rates in your city

You can now fuel rates in your city by an SMS. As per the website of Indian oil, you would need to type RSP together with your city’s code and send the same to the number 9224992249. For codes that are unique to each city, you can check the website of IOCL.

International crude rates

In the previous day, oil continued to be at multi-year high levels as tight supply concerns continued to fuel bullish sentiment. Crude is set for its seventh weekly gain.Brent crude futures rose 23 cents, or 0.3%, to $84.84 a barrel at 0933 GMT, after Thursdays three-year high of $86.10.
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Original news source Credit: www.goodreturns.in



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