Petrol, Diesel Prices Today: There was no change in the prices of petrol and diesel on Thursday, December 9. Earlier, the Delhi government had reduced the Value Added Tax (VAT) on petrol from 30 per cent to 19.40 per cent. The decision marked a reduction in petrol prices by Rs 8.56 per liter in the national capital from December 2.
The cost of one liter of petrol in Delhi is now Rs 95.41; While the rates of diesel – which were kept unchanged – stood at Rs 86.67. Fuel prices in other cities have remained unchanged since November 4, when the Center reduced excise duty on petrol and diesel by Rs 5 and Rs 10 per liter respectively.
In Mumbai, petrol is currently selling at Rs 109.98 per litre; While diesel is being sold at Rs 94.14 per liter. Among the metro cities, Mumbai has the highest fuel rates. 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.
Globally, oil prices extended gains on the belief that the Omicron coronavirus version would not dent global growth, even as some governments imposed curbs to stem its rapid spread. US West Texas Intermediate (WTI) crude futures rose 28 cents, or 0.4 per cent, to $72.64 a barrel, having gained 0.4 per cent in the previous session. Brent crude futures rose 22 cents, or 0.3 per cent, to $76.04 a barrel on Wednesday, up 0.5 per cent on Wednesday.