Petrol, Diesel Prices Today: There was no change in the prices of petrol and diesel on Saturday, December 4. Earlier this week, the Delhi government reduced the value added tax (VAT) on petrol from 30 per cent to 19.40 per cent. As a result, petrol prices in the national capital declined by Rs 8.56 per liter from Thursday. A liter of petrol now costs Rs 95.41 from Rs 103.97, however, diesel prices in Delhi were kept unchanged at Rs 86.67.
Petrol in Mumbai is being sold at Rs 109.98 per liter, while diesel is being sold at Rs 94.14 per litre. Among metro cities, fuel rates are still the highest in Mumbai. Rates vary from state to state due to VAT. ,Too Reading: How to check latest petrol and diesel rates in your city).
Petrol and diesel prices in metro cities are as follows:
State-run oil refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel rates on a daily basis, taking into account crude oil prices and rupee-dollar exchange rates in international markets. Any change in the prices of petrol and diesel is effective from 6 am every day.
Earlier in the day, producer group OPEC+ said oil prices climbed more than $2 a barrel after it could review its policy of increasing output in the short term if a growing number of pandemic lockdowns stifle demand. shuts down.
Brent futures were up 21 cents, or 0.3 per cent, at $69.88 a barrel, while US West Texas Intermediate (WTI) crude was down 24 cents, or 0.4 per cent, at $66.26.