Petrol and diesel prices has been released for Thursday, July 8. After increasing the fuel rates on Wednesday, the oil marketing companies increased petrol and diesel prices for second consecutive day on Thursday.  With another hike on Wednesday, petrol and diesel prices have crossed Rs 100-mark in all metro cities—Delhi, Kolkata, Mumbai and Chennai. Earlier on Wednesday, the Indian Oil Corporation Limited had increased prices of petrol and diesel at its all outlets in the National Capital by 35 paise and 17 paise respectively. Petrol is being sold for Rs 100 and above in nearly 15 states and districts now, while diesel has also crossed Rs 100 mark in Madhya Pradesh. On Sunday, Sikking too joined the states which are selling petrol above Rs 100.  Besides Sikkim, petrol has crossed the Rs 100-a-litre mark in Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Tamil Nadu, Kerala, Bihar, Punjab and Ladakh. 

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Petrol and diesel prices in Delhi, Mumbai, Kolkata and Chennai on July 8, 2021 (Prices as per IOCL website)

DELHI – Petrol: Rs 100.56 | Diesel: Rs 89.62    

MUMBAI - Petrol: Rs 106.59 | Diesel: Rs 97.18  

KOLKATA - Petrol: Rs 100.62 and Diesel: Rs 92.65 

CHENNAI – Petrol: Rs 101.37, while Diesel Price: Rs 94.15 

Meanwhile, Oil prices fell more than $1 a barrel on Wednesday in another seesaw trading session, as investors feared what this week's collapse in OPEC+ talks meant for worldwide production. Crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers Saudi Arabia and United Arab Emirates.  

"Brent crude settled at $73.43 a barrel, falling $1.10, or 1.5%. U.S. West Texas Intermediate settled at $72.20 a barrel, shedding $1.17 or 1.6%. Both benchmarks rallied more than $1 a barrel earlier in the session, similar to Tuesday's action," said Reuters 

Fuel rates vary from state to state, depending on the incidence of local taxes such as value-added tax (VAT) and freight charges. Petrol and diesel prices are revised on daily basis since June 2017 and are effected at 6 am daily. Earlier, the practice was to revise the prices fortnightly. Petrol prices 

Those planning to fill their tank can get the indicative prices of Petrol/Diesel in their city/town by sending 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 code from IOCL website.