Petrol and diesel prices remained unchanged on the first day of the month on Thursday, July 1, 2021. The fuel rates were not hiked for the second consecutive day amid spiraling fuel prices. Petrol prices have already crossed Rs 100 mark in many states, while diesel prices are also nearing the psychological mark.  After breaching Rs 100-mark in Mumbai, petrol is all set cross Rs 100 in Delhi, Chennai and Kolkata too. Bihar and Kerala were the latest entrants in the list of states selling petrol above Rs 100.  

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Last fuel rates were revised on June 29, petrol and diesel were hiked by around 35 paise and 28 paise respectively across four metro cities, as per Indian Oil Corporation Limited (IOCL) portal.  

Petrol and diesel prices are revised by the government Oil Marketing Companies (OMCs) on dailiy basis and revise rates are affected at 6 am in the morning.   

Petrol and diesel prices in Delhi, Mumbai, Kolkata and Chennai on July 1, 2021 

DELHI – Petrol: Rs 98.81 | Diesel: Rs 89.18.   

MUMBAI - Petrol: Rs 104.90 | Diesel: Rs 96.73 .   

KOLKATA - Petrol: Rs 98.64 and Diesel: Rs 92.03.  

CHENNAI – Petrol: Rs 99.80, while Diesel Price: Rs 93.72.   

Petrol and Diesel indicative prices  

If you plan to know indicative prices of fuel (Petrol/Diesel) in your city/town for the day, all you need is to send an SMS "RSP <space>Dealer Code of Petrol Pump” to 92249 92249. For example, SMS “RSP 102072” to 92249 92249 for petrol and diesel prices in Delhi.  You can get dealer codes from IOCL website.     

How petrol and diesel prices are revised? 

Fuel rates depend on several factors. Petrol and diesel prices are revised daily and effected at 6 am in the morning daily. The prices of petrol and diesel depend on the taxes imposed by central and state governments, rupee-dollar exchange and price of crude oil in the international market.    

Meanwhile, Oil prices traded sideways on Thursday as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year. Brent crude for September edged up 1 cent to $74.63 a barrel by 0048 GMT while the U.S. West Texas Intermediate crude for August was at $73.46 a barrel, down 1 cent but near its highest since 2018 of $74.45. WTI rose more than 10% in June while Brent added over 8%, touching highs since 2018, as summer travel picked up and more people got vaccinated. But renewed lockdowns in Asia amid the spread of a highly contagious COVID-19 variant capped demand. 

International Crude Oil Price  

Continuous rise in crude oil in global market has been directly affecting the petrol and diesel prices.  Earlier on Monday, Oil prices climbed record to highs last seen in October 2018 as the United States and Iran wrangled over the revival of a nuclear deal, delaying a surge in Iranian oil exports, while investors eyed the outcome of the OPEC+ meeting this week, reported Reuters.  Brent crude for August had gained 22 cents, or 0.3%, to $76.40 a barrel by 0051 GMT, while US West Texas Intermediate crude for August was at $74.30 a barrel, up 25 cents, or 0.3%, as per Reuters.