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Petrol and diesel price today January 21: Fuel rates steady; check prices in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on January 21 was left unchanged keeping prices in Delhi at Rs 95.41 per litre of petrol.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India
However, the impact on upstream companies will be marginal, due to its low share in the revenue mix, Fitch said.

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices were once again left unchanged by Oil Marketing Companies (OMC) on January 21 across the country. Petrol in the National Capital of Delhi currently retails at Rs 95.41 per litre while diesel in the city is priced at Rs 86.67 per litre. In Mumbai, a litre of petrol and diesel cost Rs 109.98 and Rs 94.14, respectively. Fuel prices have been stable since the central government cut excise duty to bring down retail rates from record highs. Public sector 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. 

OMCs have neither raised nor reduced petrol and diesel rates for more than two months while international oil prices remain volatile. The most recent change in price of petrol and diesel prices came on December 1 in Delhi after the local government reduced the Value-Added Tax (VAT) on petrol from 30% to 19.40%. 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 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.

Crude Oil price fall from 7-year high

Crude oil prices slipped from their 7-year highs after data showed an increase in US Crude oil stockpiles. Profit booking forced prices to slip. Brent crude futures were down $2.46 or 2.8%, trading at $85.92 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures fell $2.61 or 3.1%, sitting at $82.94 a barrel, according to Reuters.

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