Petrol, diesel prices today July 16: Rates UNCHANGED; oil prices fall for 3rd straight day! Check fuel prices in Delhi, Mumbai, Kolkata and Chennai

Petrol and diesel prices have been released by oil marketing companies on Friday, July 16. As per Indian Oil Corporation Limited (IOCL) website, the fuel rates have been kept unchanged for Friday. Consumer should know that petrol and diesel prices are revised daily and effected 6 am in the morning since 2017. Earlier, petrol and diesel costs were revised on fortnightly basis.  

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On Monday, petrol rates were revised by 34 to 35 paise and diesel prices have also gone up by 15 to 16 paise across all metro cities—Delhi, Mumbai, Kolkata and Chennai.  Since the fuel rates were not changed today, petrol and diesel are being retailed at the same price on Tuesday as well.  

Those who seek to know petrol and diesel prices in their city can avail this information on their mobile phone by just sending SMS "RSP <space>Dealer Code of Petrol Pump” to 92249 92249. For example, in Delhi, SMS “RSP 102072” to 92249 92249 for petrol and diesel prices in the national cpaital.  You can get dealer code from IOCL website.     

Petrol and diesel prices in Delhi, Mumbai, Kolkata and Chennai on July 16, 2021 (Rates as per IOCL website)   

DELHI – Petrol: Rs 101.54 per litre | Diesel: Rs 89.87 per litre    

MUMBAI - Petrol: Rs 107.54 per litre | Diesel: Rs 97.45 per litre 

KOLKATA - Petrol: Rs 101.74 per litre and Diesel: Rs 93.02 per litre  

CHENNAI – Petrol: Rs 102.23 per litre, while Diesel Price: Rs 94.39 per litre 

Meanwhile, Oil prices fell a third day on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning as more countries recover from the pandemic, said Reuters.  

Brent crude was down 20 cents, or 0.3%, at $73.27 a barrel by 0018 GMT and is heading for a 3% decline this week after two days of heavy declines. U.S. crude fell 12 cents, 0.2%, to $71.53 a barrel, and is on track for a decline of about 4% this week.