Petrol, Diesel Rates Remain Unchanged. See Rates

Petrol and diesel prices were kept unchanged on Wednesday, December 8.

Petrol, Diesel Rates Remain Unchanged. See Rates

A litre of petrol now costs Rs 95.41 in Delhi; while diesel rates stood at Rs 86.67.

Petrol, Diesel Prices Today: Petrol and diesel prices were kept unchanged on Wednesday, December 8. Last week, the Delhi government had reduced value-added tax (VAT) on petrol from 30 per cent to 19.40 per cent. The decision marked Rs 8.56 per litre reduction in petrol prices from December 2 in the national capital.

A litre of petrol now costs Rs 95.41 in Delhi; while diesel rates -- which were kept unchanged -- stood at Rs 86.67. Fuel prices in other cities have also remained unchanged since November 4, when the Centre had reduced excise duty on petrol and diesel by Rs 5 and Rs 10 per litre respectively.

In Mumbai, petrol is currently retailed at Rs 109.98 per litre; while diesel is being sold at Rs 94.14 per litre. Among the metro cities, fuel rates are the highest in Mumbai. The rates vary across the states due to VAT.

(Also Read: How To Check Latest Petrol And Diesel Rates In Your City). 

Here are the petrol and diesel price across the metro cities:

CityPetrolDiesel
Delhi95.4186.67
Mumbai109.9894.14
Chennai101.4091.43
Kolkata104.6789.79
Source: Indian Oil

State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.

Globally, oil prices edged lower, reversing gains from earlier the week, as investors tried to assess the full impact of the Omicron coronavirus variant on global fuel demand and the effectiveness of existing vaccines. Brent crude futures dropped 25 cents, or 0.3 per cent, to $75.19 a barrel, after settling 3.2 per cent higher on Tuesday. U.S. West Texas Intermediate crude was at $71.86 a barrel, down 19 cents, or 0.3 per cent, having gained 3.7 per cent in the previous session.

.