After seven straight days of the hike, fuel prices were kept unchanged on Wednesday, November 3. On Tuesday, oil marketing firms raised the price of petrol for the seventh straight day and it touched an all-time high across the country. Petrol costs Rs 110.04 a litre in Delhi today, while diesel costs Rs 98.42 per litre.

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Fuel prices are revised daily by Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) in accordance with benchmark worldwide prices and foreign exchange rates.

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Mumbai’s petrol price remains the highest among metro cities, at Rs 115.85 a litre. Diesel costs Rs 106.62 per litre in the country’s financial centre. The pricing difference between Delhi and Mumbai is due to varying local VAT rates in each city. The cost of petrol and diesel is determined by freight expenses, municipal taxes, and VAT.

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The price of petrol in Kolkata has reached up to Rs 110.49 a litre and Rs 106.66 per litre in Chennai. Its price in Bengaluru has also gone up to Rs 113.93 per litre.

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Petrol prices have surpassed Rs 100 per litre in Delhi, Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu & Kashmir, Odisha, Tamil Nadu, Ladakh, and certain cities of  Bihar and Punjab.

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State-owned fuel retailers have begun passing on the higher incidence of cost to customers beginning October 6, abandoning the moderate price rise strategy.