In Delhi, a liter of petrol costs Rs 95.41, while diesel costs Rs 86.67 per litre.
Petrol, Diesel Prices Today: Fuel prices in metro cities remained unchanged for 101 consecutive days as on Monday, February 14, 2022. This is the longest period that rates have remained stable since the daily revision of prices began in June 2017.
Earlier there was a break of 82 days in the rate revision between March 17, 2020 and June 6, 2020, when the national lockdown was in force.
The central government had cut excise duty on November 4, 2021, to provide relief from prices that have hit an all-time high. The government had cut petrol by Rs 5 per liter and diesel by Rs 10 per liter, which brought down fuel prices significantly.
Later in December 2021, the Delhi government reduced the value-added tax on petrol from 30 per cent to 19.40 per cent. With this, petrol prices in the national capital were reduced by Rs 8.56 per litre.
In Delhi, a liter of petrol costs Rs 95.41, while diesel costs 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 the highest in Mumbai. Fuel prices vary from state to state due to Value Added Tax or VAT. ,as well Reading: 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 such as 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.
India is 85 per cent dependent on imports to meet its oil needs and domestic petrol and diesel prices are linked to international rates. But for the past three months, despite a spurt in international oil prices, there has been no change in the rates of petrol and diesel ahead of elections in important states like Uttar Pradesh and Punjab.
Globally, oil prices rose, climbing to their highest level in more than seven years, on fears that a possible invasion of Ukraine by Russia could lead to sanctions from the US and Europe and disrupt energy exports from the world’s top producer. Maybe. Brent crude futures were up $95.73 a barrel, up $1.29, or 1.4 percent, from an intraday high of $95.91 earlier. US West Texas Intermediate (WTI) crude rose $1.49, or 1.6 per cent, to $94.59 a barrel, nearing a session high of $94.92.
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