Petrol, Diesel Prices Today: Fuel Rates Stable For 3 Weeks. Check Petrol Price Here

Petrol in Mumbai was priced at Rs 109.98 per liter that day. Diesel price in the financial capital was retailing at Rs 94.14 for a liter after the price cut, and was also unchanged.

In Kolkata, the capital of West Bengal, the price of one liter of petrol was Rs 104.67 on Monday. At the same time, in the eastern metropolis, the price of one liter of diesel was fixed at Rs 89.79.

In Chennai, petrol was priced at Rs 101.40 for a liter while diesel was priced at Rs 91.43. The price of petrol in Bhopal was Rs 107.23, while the cost of diesel in the city of Madhya Pradesh was Rs 90.87.

On November 1, before the duty cut, central excise of Rs 32.90 per liter and 30 per cent VAT in Delhi was 54 per cent of the retail selling price of diesel, PTI reported quoting price creation by state-owned OMCs. This, after a reduction of Rs 5 per liter in excise duty, has come down to 50 per cent in Delhi, PTI said in its report.

The recent cut in excise duty in fuel rates was the biggest ever cut in history. However, according to economists, the move partially reverses the hike in duty by Rs 13 per liter for petrol and Rs 16 per liter on diesel in 2020, following a sharp fall in oil prices, and higher crude oil prices. comes on. pushed retail prices to record highs.

Meanwhile, global crude oil prices fell on Wednesday as a US-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supplies, a Reuters report said. US West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.2 per cent, to $78.38 a barrel by 0122 GMT, reversing a 2.3 per cent gain from the previous day.

The prices of diesel and petrol in some of the major cities of the country are as follows:

Petrol Price in Mumbai: Rs 109.98 per liter