Petrol and diesel prices today, October 17: Check fuel cost in Delhi, Mumbai, Bengaluru
US President Donald Trump has issued a waiver of sanctions, restrictions, and duties under the Sanctions on Russia and Iran Act, citing national interest.
Petrol and diesel prices have remained unchanged across major cities in India on October 17, 2021. The pricing is determined daily by public-sector Oil Marketing Companies (OMCs) like Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd at 6:00 AM. These prices are based on a rolling average of international benchmarks and the foreign exchange rate.
Despite global crude oil prices reaching $110 a barrel for the first time since May due to geopolitical tensions, domestic retail prices have not changed. The last time prices were at this level was almost five months ago, following a fragile agreement that temporarily reopened the Strait of Hormuz.
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