Petrol, Diesel Prices Today: Fuel prices remained unchanged for the 83rd consecutive day on Thursday, January 27, 2022. On November 4 last year, the government had cut excise duty on petrol and diesel by Rs 5 per litre and Rs 10 a litre, respectively. Later, some states and Union Territories had also reduced value-added tax (VAT) on fuel. Last month, the Delhi government had also reduced VAT on petrol from 30 per cent to 19.40 per cent. With this, petrol rates in the national capital fell 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 sold at Rs 109.98 per litre, while a litre diesel costs Rs 94.14. Among the metro cities, fuel rates are still the highest in Mumbai. Fuel prices vary across the states due to VAT.
(Also Read: How To Check Latest Petrol And Diesel Rates In Your City).
Here are the petrol and diesel price across the metro cities:
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.
Globally, oil prices fell as investors cashed in profits from the 2 per cent gains in the previous session after the U.S. Federal Reserve indicated an interest rate hike in March, leading to a technical correction in surging energy markets. Brent crude futures slipped 31 cents, or 0.3 per cent, to $89.65 a barrel, after jumping about 2 per cent to hit $90 for the first time in seven years on Wednesday. U.S. West Texas Intermediate (WTI) crude futures also eased 26 cents, or 0.3 per cent, to $87.09 a barrel, after gaining 2 per cent in the previous session.