Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol, diesel prices remained stagnant on Friday (17 December) across various cities in the country. It has been more than a month and half now since petrol and diesel prices have seen any changes, except Delhi where petrol prices fell on December 1 after the Kejriwal government reduced the Value-Added Tax (VAT) on petrol from 30% to 19.40%. Currently, petrol rate in Delhi is Rs 95.41 per litre while diesel in the national capital is retailing at Rs 86.67 per litre. In Mumbai, petrol and diesel are retailing at Rs 109.98 per litre and Rs 94.14 per litre, respectively.
Public sector oil marketing companies (OMCs) have neither raised nor reduced petrol and diesel rates in last one-and-a-half months even as international oil prices remained volatile with benchmark Brent crude plunging below $70 a barrel on November 30 from $84.78 on November 9. OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day. Retail petrol, diesel prices differ from state to state on account of local taxes like VAT or freight charges.
Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram
Mumbai: Petrol price– Rs 109.98 per litre, Diesel price – Rs 94.14 per litre
Delhi: Petrol price – Rs 95.41 per litre, Diesel price – Rs 86.67 per litre
Chennai: Petrol price – Rs 101.40 per litre, Diesel price – Rs 91.43 per litre
Kolkata: Petrol price – Rs 104.67 per litre, Diesel price – Rs 89.79 per litre
Hyderabad: Petrol price – Rs 108.20 per litre, Diesel price – Rs 94.62 per litre
Bengaluru: Petrol price – Rs 100.58 per litre, Diesel price – Rs 85.01 per litre
Lucknow: Petrol price – Rs 95.02 per litre, Diesel price – Rs 86.56 per litre
Thiruvananthapuram: Petrol price – Rs 106.65 per litre, Diesel price – Rs 93.47 per litre
Noida: Petrol price – Rs 95.51 per litre, Diesel price – Rs 87.01 per litre
Gurugram: Petrol price- Rs 95.90 per litre, Diesel price- Rs 87.11 per litre
The fuel prices across key cities were collectively revised on November 4 after the Central government cut excise duties on petrol and diesel to bring down their retail rates from their record high gains. The centre also urged states to cut VAT on the two auto fuels, following which several states announced VAT cuts. In a cabinet meeting chaired by Delhi CM Arvind Kejriwal on December 1, a decision was taken to reduce the Value-Added Tax (VAT) on petrol prices to 19.40%, bringing down the price by Rs 8.56 per litre.
Soon, there might be more relief for people in terms of petrol prices as the Modi government has reduced the GST rate on ethanol from 18% to 5% under the Ethanol Mixed Petrol (EBP) program. Under the EBP program, ethanol is mixed in petrol. The information was shared by Minister of State for Petrol and Natural Gas Rameshwar Teli in Lok Sabha.
Crude Oil prices dip on Friday
Oil prices edged lower on Friday as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly. U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.2%, to $72.21 a barrel at 0155 GMT while Brent crude futures fell 11 cents, or 0.2%, to $74.91 a barrel.