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The state-run oil marketing companies(OMCs) have kept petrol and diesel prices unchanged on Thursday. According to the latest price notification by OMCs, auto fuel prices maintained stability across the country on November 18, 2021.

In the national capital, New Delhi, petrol is retailing at Rs 103.97 per litre whereas diesel is available at Rs. 86.67 per litre. In Mumbai, petrol and diesel prices remained unchanged at Rs 109.98 and Rs 94.14 per litre respectively.

In Kolkata, people have to shell out Rs 104.67 for one litre of petrol and diesel costs Rs 89.79 per litre. Similarly, in Tamil Nadu’s capital, Chennai, one litre of petrol is being sold at Rs 101.56 and the price of diesel remained unchanged at Rs 91.58 per litre.

It may be noted that the fuel rates were last revised on November 4, when the central government announced a cut in excise duty which resulted in a sharp fall in the prices of petrol and diesel, ultimately providing relief to consumers from all-time high fuel prices. Since then, there has been no increase or alteration in the prices of petrol and diesel.

However, even though there has been no increase in fuel prices since Diwali, the petrol prices in all the four metro cities still remain above the Rs 100 mark.

Meanwhile, yesterday, the Rajasthan government also slashed VAT on petrol and diesel prices by Rs 4 and Rs 5 per litre respectively.

Interestingly, petrol is retailing at Rs 82.96 per litre in Andaman and Nicobar, the cheapest in the country.

Petrol, Diesel prices in major Indian cities:

CITYPETROL (PER LITRE)DIESEL (PER LITRE)
NEW DELHIRs 103.97Rs 86.67
MUMBAIRs 109.98Rs 94.14
CHENNAIRs 101.56Rs 91.58
KOLKATARs 104.67Rs 89.79
BENGALURURs 100.58Rs 85.01
PATNARs 105.90Rs 91.09

In India, petrol and diesel prices depend on various factors like demand for fuel, valuation of INR against USD, consumption ratio of refineries and more. The fuel prices are revised by the oil marketing companies such as Bharat Petroleum, Indian Oil, and Hindustan Petroleum based on international prices as well.

Author

India today

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