Petrol and diesel prices today, October 16: How much does fuel cost in Delhi, Mumbai, Bengaluru
Oil prices edged lower on Friday morning as investors balanced escalating geopolitical tensions in the Middle East against potential US moves to ease sanctions on the global “shadow fleet” of oil tankers.
Petrol and diesel prices remained unchanged across major Indian cities, including Delhi, Mumbai, and Bengaluru, on October 16, 2021. The price of petrol in New Delhi, Rewari, and NCR stayed at ₹111.21 per litre, while it remained flat in Mumbai at ₹111.21 per litre. Chennai, Mathura, and Meerut were the only cities where CNG prices saw an increase of ₹2 each.
Despite the US-Iran war driving up global crude oil and fuel costs, state-run oil companies kept fuel prices unchanged. The CNG price hike occurred in eight locations, but market participants remain skeptical about the measures taken to boost global supply and reduce energy costs.
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