Petrol, Diesel Prices Today: Petrol and diesel prices in metro cities remained unchanged as on Wednesday, December 29, 2021. Earlier, the Delhi government had reduced the value-added tax on petrol from 30 per cent to 19.40 per cent. As a result, petrol prices in the national capital were reduced by Rs 8.56 per litre. A liter of petrol in Delhi now costs Rs 95.41, while diesel rates – which were kept unchanged – stood at Rs 86.67 per litre.
Petrol in Mumbai is being sold at Rs 109.98 per liter, while diesel is being sold at Rs 94.14 per litre. Among metro cities, fuel rates are still among the highest in the financial capital. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City).
Petrol and diesel prices in metro cities are as follows:
State-run oil refiners like Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel rates on a daily basis, taking into account crude oil prices and rupee-dollar exchange rates in international markets. Any change in the prices of petrol and diesel is effective from 6 am every day.
Globally, oil prices rose for several days in a row on Thursday, which bodes well for US fuel demand despite the Omicron coronavirus infection.
Brent crude futures rose 17 cents, or 0.2 per cent, to $79.40 a barrel, climbing for the fourth day in a row. US West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.3 per cent, to $76.79 a barrel, marking the seventh consecutive session of gain.