Prices of petroleum products have now been aligned to market rates. This means fuel prices will rise each time, global crude prices rise and the rupee falls against the dollar.
The price of petrol and diesel vary depending upon several factors such as the local taxes, Value Added Tax (VAT), freight charges, etc.
Public sector OMCs including like BPCL, Indian Oil Corporation Ltd and Hindustan Petroleum Corporation Ltd revise the fuel prices daily in line with international benchmark prices and foreign exchange rates. Any changes in fuel prices are implemented from 6am every day.
On Tuesday, petrol and diesel are being sold at Rs 104.86 and Rs 96.37 respectively in the capital city of Bhubaneswar, while the rate of fuel is Rs 103.19 for petrol and Rs 94.76 for diesel in Cuttack.
The price of petrol in Malkangiri where the fuel rates exhibit the highest charge in the state, is at Rs 109.20, while diesel is being sold in the town without any change in rate in the last 24 hours at Rs 100.56.
The prices of petrol in some other major towns in the state are as follows: Rs 103.61 in Puri, Rs 104.78 in Sundargarh, Rs 107.01 in Rayagada, Rs 103.47 in Nayagarh, Rs 108.13 in Nabarangpur, Rs 105.20 in Keonjhar, Rs 103.11 in Kendrapara and Rs 103.23 in Balasore.
As far as diesel is concerned, the price of the fuel is Rs 94.81 in Balasore, Rs 96.04 in Bargarh, Rs 94.28 in Jagatsinghpur, Rs 94.89 in Jharsuguda, Rs 95.16 in Puri and Rs 95.41 in Sambalpur.