Petrol and diesel prices remained unchanged for more than a month across the country on Wednesday. Petrol price in Delhi is 95.41 per liter while that of diesel 86.67 per liter. The price of one liter of petrol and diesel in Mumbai is 109.98 and 94.14 respectively, as per the data available on Indian Oil Corporation.
last week, Delhi Government reduction in petrol prices 8.56 per liter after the announcement of reduction of Value Added Tax (VAT) on fuel from 30% to 19.40%.
There has been no change in fuel prices in other metro cities as well. In Kolkata, the price of petrol is at 104.67/Litre, in Bangalore 100.58/Litre and Hyderabad 108.20/Litre. Fuel prices in major cities were collectively revised on November 4 after the central government cut excise duty on two major fuels to bring down their retail rates from their record high gains. Apart from this, the Center also urged the states to cut tub On two auto fuels.
Oil marketing companies revise petrol and diesel rates in the last 15 days based on the average price of the benchmark fuel in the international market and foreign exchange rates.
On Wednesday, oil continued to climb on optimism that the Omicron virus variant may not be as severe as feared, easing concerns over the demand outlook.
West Texas Intermediate rose as much as 5.1% on Tuesday, ending the day at about $72 a barrel. Crude’s gains mirrored a similar relief rally in equities, with the S&P 500 jumping 2.2% to its highest level since late November.
Check Latest Petrol and Diesel Rates in Your City:
1. Mumbai
petrol – 109.98 per liter
diesel – 94.14 per liter
2. Delhi
petrol – 95.41 per liter
diesel – 86.67 per liter
3. Chennai
petrol – 101.40 per liter
diesel – 91.43 per liter
4. Kolkata
petrol – 104.67 per liter
diesel – 89.79 per liter
5. Hyderabad
petrol – 108.20 per liter
diesel – 94.62 per liter
6. Bangalore
petrol – 100.58 per liter
diesel – 85.01 per liter
7. Lucknow
petrol – 95.02 per liter
diesel – 86.56 per liter
8. Thiruvananthapuram
petrol – 106.65 per liter
diesel – 93.47 per liter
9. Noida
petrol – 95.51 per liter
diesel – 87.01 per liter
10. Gurugram
petrol – 95.90 per liter
diesel – 87.11 per liter
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