Petrol, Diesel Prices Today: Petrol and diesel prices have remained steady for around 34 days in a row across the metro cities on Wednesday, January 5, 2022. Last month, the Delhi government had reduced the value-added tax on petrol from 30 per cent to 19.40 per cent. With this, petrol prices in the national capital were slashed by Rs 8.56 per litre.
A litre of petrol costs Rs 95.41 in Delhi, while diesel rates stand at Rs 86.67 per litre. In Mumbai, petrol is 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 still the highest in Mumbai. Fuel prices vary across the states due to value-added tax or 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:
|Source: Indian Oi|
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 fell on Wednesday as rising fuel stockpiles in the US raised concerns of declining demand in the world's biggest oil consumer amid a massive spike in COVID-19 cases caused by the Omicron variant.
Brent crude futures fell 28 cents, or 0.4 per cent, to $79.72 a barrel after hitting a high of $80.26, while US West Texas Intermediate (WTI) crude futures fell 29 cents, or 0.4 per cent, to $76.70 a barrel.