Gasoline and diesel prices: Fuel prices are stable in major cities today
Petrol and diesel prices today: Gasoline, diesel prices were unchanged for the 23rd day in a row on Saturday, November 27. In the national capital, gasoline is currently selling for Rs 103.97, while diesel prices stand at 86, Rs 67 per liter, according to the Indian Petroleum Corporation. In Mumbai, petrol retails for Rs 109.98 per liter; while diesel is being sold for Rs 94.14 per liter.
On November 4, the government cut excise taxes on gasoline and diesel to cut prices slightly from record highs. Despite the price drop, gas prices remain above the Rs 100/liter mark in 4 cities and several cities across the country.
Currently, among metro cities, fuel prices are the 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 prices 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.
Oil prices fell $10 a barrel on Friday, the biggest one-day drop since April 2020, as the Covid variant spooked investors and added to concerns that the supply surplus could widen further. .
Oil fell with global stock markets on fears this variant could dampen economic growth and fuel demand.
Brent crude fell $9.50, or 11.6%, to $72.72 a barrel, a weekly drop of more than 8%. US West Texas Intermediate (WTI) crude was down $10.24 on Friday, or 13.1%, at $68.15 a barrel, down more than 10.4% on the week on high volume. after the Thanksgiving holiday on Thursday in the United States.
