Petrol, Diesel Prices Today: Fuel rates remained unchanged in metro cities on Friday, March 11. Prices have remained stable for over 120 days, even as international crude oil prices rose during the day after a sharp fall in the volatile previous session.
Uncertainty over where and when supplies will come to replace crude from Russia, the world’s second-largest exporter, in a tight market has led to broad forecasts of oil prices in the range of $100 to $200 a barrel.
Meanwhile, this is the longest period for which rates in India have remained stable since the daily revision of prices began in June 2017. However, now there is speculation that Fuel prices may increase Assembly elections in Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur are increasing by Rs 12 to Rs 15 per liter as soon as the elections are over. There is a possibility that these may increase after the declaration of results tomorrow.
Petrol in Delhi costs Rs 95.41 per liter while diesel costs Rs 86.67 per liter. Petrol in Mumbai can be bought at Rs 109.98 per liter and diesel at Rs 94.14 per liter.
During this, petrol in kolkata Its price is Rs 104.67 per liter while the price of diesel is Rs 101.56 per litre. Petrol price in Chennai today remained stable at Rs 101.40 per liter, while diesel price remained unchanged at Rs 91.43 per litre.
Fuel prices vary across states and cities, due to value-added tax or VAT, local and freight charges, which vary from place to place. The price of petrol and diesel also depends on the crude oil prices and rupee-dollar exchange rates in the global markets.
The central government had cut excise duty on 4 November 2021 to provide relief from prices that have reached 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.
Oil prices rose on Thursday after a sharp fall in the previous session as markets pondered whether major producers would boost supplies to help bridge the gap in output from Russia due to sanctions over Ukraine’s invasion.
Brent crude futures were up $3.10, or 2.8 percent, at $114.24 a barrel as of 0419 GMT after trading in the more than $5 range. The benchmark contract fell 13 per cent in the last session in its biggest one-day fall in nearly two years. US West Texas Intermediate (WTI) crude futures were up $1.58, or 1.5 percent, at $110.28 a barrel, after trading in a range of more than $4. The contract had fallen 12.5 per cent in the previous session, in the biggest daily drop since November.
Check Petrol and Diesel Prices across India as on March 9, 2022
Mumbai
Petrol – Rs 109.98 per liter
Diesel – Rs 94.14 per liter
Delhi
Petrol – Rs 95.41 per liter
Diesel – Rs 86.67 per liter
Chennai
Petrol – Rs 101.40 per liter
Diesel – Rs 91.43 per liter
Kolkata
Petrol – Rs 104.67 per liter
Diesel – Rs 89.79 per liter
Bhopal
Petrol – Rs 107.23 per liter
Diesel – Rs 90.87 per liter
Hyderabad
Petrol – Rs 108.20 per liter
Diesel – Rs 94.62 per liter
bangaluru
Petrol – Rs 100.58 per liter
Diesel – Rs 85.01 per liter
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