Petrol and diesel prices remained unchanged for 27 consecutive days. View rate
Petrol and diesel prices today: Fuel prices were flat for 27 consecutive days on Wednesday. Previously, on November 4, the government cut excise taxes on gasoline and diesel to lower prices slightly from record highs.
In the national capital, gasoline is currently on sale for Rs 103.97; while the price of diesel stood at Rs 86.67, according to Oil Corporation of India. In Mumbai, petrol retails for Rs 109.98 per liter; while diesel is being sold for Rs 94.14 per liter.
Despite the price drop, gas prices are still above the Rs 100/liter mark in 4 cities and several cities across the country. Among metro cities, fuel prices are highest in Mumbai. Rates vary from state to state due to value added tax or VAT. (Also Read: How to check the latest gas and diesel rates in your city).
Here are gas and diesel prices in major cities:
State-run refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum will adjust fuel prices on a daily basis, taking into account international crude oil prices and the US dollar exchange rate. Any changes in petrol and diesel prices will be made from 6:00 a.m. daily.
On the global front, OPEC and its allies will begin two days of meetings on Wednesday to decide whether to put more oil on the market or limit supply amid shifting oil prices and concerns about the Omicron coronavirus variant. could undermine global energy demand. Oil prices fell to nearly $70 a barrel on Tuesday from a peak of $86 in October, showing the biggest monthly drop since the pandemic broke out, as the new variant raised concerns about the coronavirus. oversupply situation. For November, Brent fell 16.4%, while WTI dropped 20.8%, the biggest monthly drop since March 2020.