Fuel Prices, Dec 16 Updates: Fuel rates had reached an all-time high in India last month but have been stabilised amid hopes that the impact of the Omicron variant of COVID-19 will be limited on global economic growth and fuel demand.
New Delhi | Jagran Business Desk: Petrol and diesel rates remained unchanged across major cities in India on Thursday amid stability in global crude prices.
A litre of petrol is priced at Rs 95.41 in Delhi and Rs 109.98 in Mumbai. In Chennai, petrol can be purchased for Rs 101.40 per litre while you can buy it for Rs 104.67 per litre in Kolkata.
Meanwhile, a litre of diesel can be purchased for Rs 94.14 in Mumbai, Rs 86.67 in Delhi, Rs 91.43 in Chennai and Rs 89.79 in Kolkata.
Updates from Wednesday:
Petrol and diesel prices had remained unchanged in India on December 15.
Updates from Tuesday:
Petrol and diesel rates remained unchanged on December 14 amid stable global trends. The prices of petrol and diesel are revised daily by the oil marketing companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL).
“Market sentiment has improved as the threat of the Omicron variant has receded,” Reuters quoted Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd, as saying. “US West Texas Intermediate (WTI) will probably test its recent high of USD 73.34 and then try to rise towards USD 78, the level before the Omicron fears led to a sharp sell-off late last month.”
In India, however, opposition parties have demanded that the government should bring down petrol and diesel rates “so that people at large get some relief from inflation”. Last week, NCP MP Supriya Sule raised the issue of inflation in the Lok Sabha, urging the government to intervene. She also said cooking oil has become very expensive pinching the common man.
