(N.P)
Petrol and diesel prices have remained steady for around 34 days in a row across the metro cities on Wednesday, January 5, 2022. Last month, 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 ₹ 8.56 per litre.
A litre of petrol costs ₹ 95.41 in Delhi, while diesel rates stand at ₹ 86.67 per litre. In Mumbai, petrol is retailed at ₹ 109.98 per litre, while diesel is being sold at ₹ 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.
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.
