Updated November 28th, 2021 at 09:53 IST
Petrol Prices, diesel prices today: Fuel rates remain unchanged for 24 days in a row
OMCs - Indian Oil, Bharat Petroleum, & Hindustan Petroleum alter petrol prices & diesel prices depending on international fuel prices & int'l stock exchanges.
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Petrol prices and diesel prices in India across multiple cities remained unchanged for 24 days in a row on Sunday, November 28, 2021, since the government reduced the excise duty on fuel to bring rates down from all-time highs. The state-run oil marketing companies (OMCs) have not yet raised the prices of petrol and diesel after the Centre announced a cut of excise duty on fuel prices on Diwali eve. Following the reduction, around 23 states and union territories have announced reductions in VAT rates on petrol and diesel, providing a major relief to consumers.
The Chattisgarh government last week also announced a reduction in VAT on fuel prices by 1% and 2% on petrol and diesel prices respectively.
Meanwhile, petrol costs Rs 103.97 per litre in Delhi, while diesel costs Rs 86.67 per litre. In Mumbai, petrol costs Rs 109.98 per litre followed by diesel which costs Rs 94.14 per litre. Petrol is available for Rs 101.40 a litre in Chennai, and diesel is sold for Rs 91.43 per litre. Similarly, fuel rates in Kolkata with the cheapest cost stayed steady at Rs 104.67 and Rs 89.79 per litre, respectively.
Fuel rates in all major cities on November 28, 2021
Mumbai
- Petrol - Rs 109.98 per litre
- Diesel - Rs 94.14 per litre
Delhi
- Petrol - Rs 103.97 per litre
- Diesel - Rs 86.67 per litre
Chennai
- Petrol - Rs 101.40 per litre
- Diesel - Rs 91.43 per litre
Kolkata
- Petrol - Rs 104.67 per litre
- Diesel - Rs 89.79 per litre
Bhopal
- Petrol - Rs 107.23 per litre
- Diesel - Rs 90.87 per litre
Hyderabad
- Petrol - Rs 108.20 per litre
- Diesel - Rs 94.62 per litre
Bengaluru
- Petrol - Rs 100.58 per litre
- Diesel - Rs 85.01 per litre
Chandigarh
- Petrol - Rs 94.23 per litre
- Diesel - Rs 80.90 per litre
Guwahati
- Petrol - Rs 94.58 per litre
- Diesel - Rs 81.29 per litre
Lucknow
- Petrol - Rs 95.28 per litre
- Diesel - Rs 86.80 per litre
Fuel prices come down as Centre slashes excise duty
Earlier on Wednesday, the Central government slashed excise duty on petrol and diesel prices by Rs 5 and Rs 10 as a Diwali gift to citizens further providing a major relief to those suffering from inflation and increasing fuel costs. Following this, around 23 states and UTs reduced their VAT rates in various proportions leading to a reduction in petrol and diesel prices in many cities. However, there are still other states which have not yet announced any reduction.
Also, a fall has also been recorded in crude oil prices at the international level as Brent crude price was at $80 on Friday.
OMCs such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum make changes in fuel prices depending on international prices and overseas stock exchanges. Petrol and diesel costs differ from state to state and city to city, depending on the impact of local levies such as value-added tax (VAT) and freight charges.
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Published November 28th, 2021 at 09:53 IST