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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 prices touched fresh all-time highs in the national capital on Tuesday┬аJanuary 26.┬аIn the national capital,┬аthe price of petrol was hiked by 35 paise to┬аRs 86.05 per litre┬аfrom Rs 85.70 and diesel was increased by a similar amount to Rs 76.23 from Rs 75.88┬аper litre, according to Indian Oil Corporation, the country’s largest fuel retailer. Meanwhile, in Mumbai, the revised petrol and diesel prices were Rs 92.62 per litre and Rs 83.03 per litre respectively. The current price┬аof petrol┬аis the highest ever┬аin the national capital, and┬аdiesel is at a record high in Mumbai.┬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 | 86.05 | 76.23 |
| Mumbai | 92.62 | 83.03 |
| Chennai | 88.60 | 81.47 |
| Kolkata | 87.45 | 79.83 |
| Source: Indian Oil | ||
Petrol and diesel rates have┬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 coronavirus 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 global benchmarks, by taking into account any changes┬аin the foreign exchange rates. Any alterations┬аin 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.
Meanwhile, oil prices rose about 1 per cent on on Tuesday, January 27 as optimism around U.S. stimulus plans and some supply concerns boosted futures, but demand worries prompted by coronavirus lockdowns limited gains.
Brent crude futures rose 47 cents, or 0.9 per cent, to settle at $55.88 a barrel and U.S. West Texas Intermediate crude ended 50 cents, or 1 per cent, higher at $52.77 a barrel.
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