In Delhi, petrol is currently selling for Rs 103.97; while the price of diesel stood at Rs 86.67.
Petrol and diesel prices today: Fuel prices were unchanged for the 12th consecutive day on Tuesday. 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.
Globally, oil price slide on Covid-19 case recovery in Europe raises demand concerns amid expected supply surge, while some in the market remain concerned. fear that the United States may release crude oil reserves to prevent the price of gasoline from rising. Brent oil futures fell 9 cents, or 0.1%, to $81.96 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 10 cents, or 0.1%, to $80.78/bbl. bin.
