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Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT).
Petrol, Diesel Prices Today: Petrol and diesel prices in the metros remained unchanged for the fourth consecutive day,┬аon Sunday, January 31.┬аIn the national capital,┬аthe price of petrol remained unchanged at Rs 86.30 per litre┬аand diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation, the country’s largest fuel retailer. Meanwhile, in Mumbai, the petrol and diesel prices are at Rs 92.86┬аper litre and Rs 83.30 per litre respectively, the highest among all four metros.┬а(Also Read:┬аHow To Check Latest Petrol And Diesel Rates In Your City)
Here are the current prices of petrol and diesel (in rupees per litre):
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 86.30 | 76.48 |
| Mumbai | 92.86 | 83.30 |
| Chennai | 88.82 | 81.71 |
| Kolkata | 87.69 | 80.08 |
| Source: Indian Oil | ||
Petrol and diesel prices┬аhave┬аrecorded┬аan upswing since January 6, 2021, after staying unchanged┬аfor almost a month. Fuel rates┬аhave increased amid a┬аrally in global crude oil prices, with COVID-19 vaccination drives beginning across the world.┬а
Oil marketing companies ┬а– Indian Oil Corporation,┬аBharat Petroleum, and┬аHindustan Petroleum align the prices of domestic fuel┬аwith the global benchmarks, by taking into account any alterations in the foreign exchange rates. Any changes in fuel prices are implemented┬аwith effect from 6 am every day. The fuel rates┬аvary from state to state across┬аthe country due to the value-added tax or VAT.
On Friday, January 29, brent crude futures, the global oil benchmark, rose 0.41 per cent to $55.76 per barrel.
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