Petrol and Diesel Prices Today: In the national capital, petrol is being sold for ₹ 95.41 per litre, while diesel rates stood at ₹ 86.67 per litre
Petrol, Diesel Prices Today: Fuel prices remained steady for 31st day in a row across the metro cities on Sunday, January 2, 2022. Last month, the Delhi government had reduced the value-added tax on petrol from 30 per cent to 19.40 per cent from the midnight of December 1, 2021. With this, petrol prices in the national capital were slashed by ₹ 8.56 per litre.
A litre of petrol now 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.
Earlier, the central government had reduced excise duty on petrol by ₹ 5 and on diesel by ₹ 10 from November 4, 2021 onwards. Since then there has been no hike in fuel prices in the country.
Here are the petrol and diesel price across the metro cities:
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 95.41 | 86.67 |
| Mumbai | 109.98 | 94.14 |
| Chennai | 101.40 | 91.43 |
| Kolkata | 104.68 | 89.79 |
| Source: Indian Oi |
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 had fell on Friday (December 31, 2021) but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the COVID-19 pandemic slump and producer restraint, even as infections reached record highs worldwide.
