Petrol and diesel price today December 30: Jharkhand govt announces rate cut; check price in Delhi, Mumbai

Petrol and Diesel Price Today in India: The Jharkhand government announced a huge cut in petrol prices for two-wheelers on Wednesday, and the new prices will be implemented from January 26, 2022.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India
Petrol, diesel prices have been kept unchanged across the country for nearly two months. (File Photo Reuters)

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol, diesel prices continue to remain unchanged on Thursday (30 December) across the country. Petrol rate in Delhi is Rs 95.41 per litre while diesel in the national capital is priced at Rs 86.67 per litre. In Mumbai, a litre of petrol and diesel is retailing at Rs 109.98 and Rs 94.14, respectively. The Jharkhand government, however, announced a huge cut in petrol prices for two-wheelers on Wednesday, and the new prices will be implemented from January 26, 2022. According to state government’s statement, the concession will be given for 10 litres of petrol for every month.

Fuel prices have been stable since the central government cut excise duty to bring down retail rates from record highs. It has been more nearly 60 days now since petrol and diesel prices have seen any changes, except in 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%. Public sector oil marketing companies (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. 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.

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 government reduced excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on November 3 to give relief to consumers from record-high retail fuel prices. 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.

Oil edges higher on Thursday

Oil edged higher on Thursday to extend several consecutive days of gains on the back of data showing U.S. fuel demand holding up well despite soaring Omicron coronavirus infections. Brent crude futures rose 17 cents, or 0.2%, to $79.40 a barrel at 0217 GMT, climbing for a fourth day in a row, while U.S. West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.3%, to $76.79 a barrel for a seventh straight session of gains.

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