State-run oil marketing companies have kept fuel prices unchanged across the country on Wednesday, December 8, 2021, as crude oil prices see a rise in the international market. Notably, oil companies have not revised and kept the prices of petrol and diesel stable in the domestic market for over a month now.
According to the Indian Oil Corporation, the country’s largest fuel retailer, petrol continues to retail at Rs 95.41 per litre in Delhi and above Rs 109 per litre in India’s financial hub, Mumbai.
The price of diesel is below the Rs 100 mark and costs Rs 86.67 in the national capital, whereas people in Mumbai have to shell out Rs 94.14 for one litre of diesel.
The prices of petrol and diesel remained unaltered in Chennai and stood at Rs 101.40 and Rs 91.43 per litre, respectively.
Similarly, the price of petrol remained constant at Rs 104.67 per litre in Kolkata and diesel costs Rs. 89.79 per litre.
Crude oil prices rise in international market
Crude oil prices are once again seeing a rise in the international market. Last week, the price of crude oil remained below $ 70 per barrel, but this week it crossed $ 75 in just two days. However, despite an increase in global crude oil rates, there has been no change in the prices of petrol and diesel in the Indian market today.
Petrol price below Rs 100 in these cities
To consumers’ relief, petrol and diesel prices are below Rs 100 per litre in many cities, including Port Blair, Noida, Chandigarh, Dehradun, Ranchi, Shillong, Panaji, Shimla and Lucknow.
It is to be noted that in India, the prices of petrol and diesel vary from state to state and also in cities, depending on the local taxes like value-added tax (VAT) and freight charges.
Meanwhile, the state-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise fuel rates on a daily basis, by taking into account the crude oil prices on the international markets and also the rupee-dollar exchange rates.
Petrol, diesel prices in major Indian cities:
|PETROL (PER LITRE)
|DIESEL (PER LITRE)