Petrol, diesel prices remain unchanged in Mumbai, Delhi, Kolkata, Chennai: Check fuel rates here
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Petrol and diesel prices remained unchanged in the country on Thursday.
In December 2021, the Delhi government had reduced the value-added tax on petrol from 30 per cent to 19.40 per cent. With this, petrol prices in the national capital were slashed by Rs 8.56 per litre.
In Delhi, petrol costs Rs 95.41 a litre while the rate of diesel was Rs 86.67 per litre.
In Mumbai, petrol can be bought at Rs 109.98 per litre and diesel costs Rs 94.14 for one litre. Among the metro cities, fuel rates are still the highest in Mumbai. Fuel prices vary across the states due to value-added tax or VAT.
Diesel and petrol prices also remained static in Kolkata at Rs 89.79 and Rs 104.67. In Chennai too, they remained unchanged at Rs 91.43 and Rs 101.40.
State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates.
Crude oil futures on Wednesday dropped 0.65 per cent to Rs 6,872 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for the March delivery fell Rs 45, or 0.65 per cent, to Rs 6,872 per barrel with a business volume of 7,626 lots.
However, West Texas Intermediate crude oil was trading higher by 1.41 per cent at USD 92.35 per barrel. Brent crude was trading 0.24 per cent up at USD 97.07 per barrel in New York.
(With inputs from Agencies)
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