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| Petrol, Diesel prices remain unchanged across metros. See Rates | | |  agencies
NEW DELHI, Feb 11: Petrol, Diesel Prices Today: Fuel prices remained unchanged for the 98th consecutive day across metro cities on Friday, February 11, 2022. This is the longest period when the prices have remained unchanged, ever since the daily revision of prices began in June 2017. Earlier there was an 82-day break in rate revision between March 17, 2020 and June 6, 2020, when the national lockdown was in place.
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.
A litre of petrol costs Rs 95.41 in Delhi, while diesel rates stand at Rs 86.67 per litre. In Mumbai, petrol is retailed at Rs 109.98 per litre, while diesel is being sold at Rs 94.14 per 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
Here are the petrol and diesel price across the metro cities:
City Petrol Diesel
Delhi 95.41 86.67
Mumbai 109.98 94.14
Chennai 101.40 91.43
Kolkata 104.68 89.79
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. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.
India is 85 per cent dependent on imports to meet its oil needs and, the domestic petrol and diesel prices are linked to international rates. But for the last over three months, despite a spurt in international oil prices, petrol and diesel rates have not been changed ahead of elections in crucial states like Uttar Pradesh and Punjab.
Globally, oil prices eased early as hot U.S. inflation fanned worries about aggressive interest rate hikes and as investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. Brent crude futures fell 40 cents, or 0.4 per cent, to $91.01 a barrel, while U.S. West Texas Intermediate crude declined 25 cents, or 0.3 per cent, to $89.63 a barrel |
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