Gasoline and diesel prices remained unchanged across the country on Friday.
Last month, the Delhi government reduced the value added tax on petrol from 30% to 19.40%. With this, petrol prices in the nation’s capital have been reduced by Rs 8.56 per litre.
As a result, a liter of petrol costs Rs 95.41 in Delhi, while diesel prices stand at Rs 86.67 per litre.
In Mumbai, petrol retails at Rs 109.98 per litre, while diesel retails at Rs 94.14 per litre. Among metropolitan cities, fuel prices are always the highest in Mumbai. Fuel prices vary from state to state due to value added tax or VAT.
Diesel and gasoline prices also remained stable 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 fuel prices daily, taking into account crude oil prices in international markets and rupee-dollar exchange rates.
Also across the country, the price of fuel remained largely unchanged on Friday, but retail rates varied depending on the level of local taxes.
Crude oil prices fell from Rs 6 to Rs 6,107 a barrel on Thursday after participants reduced their positions. On the Multi Commodity Exchange, crude oil for January delivery fell Rs 6, or 0.1%, to Rs 6,107 a barrel with a trade volume of 9,625 lots.
Globally, West Texas Intermediate crude oil traded down 0.01% at $82.63 a barrel. Meanwhile, international benchmark Brent was 0.05% higher to trade at $84.71 a barrel in New York.
(With agency contributions)
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Posted: Friday January 14th 2022, 08:14 IST