Petrol and diesel worth immediately: Petrol and diesel costs had been regular for the fifth successive day on Tuesday, November 9, 2021. The gasoline costs throughout key metropolitan cities had been final revised on Thursday (November 4) after the central authorities lower the excise responsibility on the 2 key fuels to deliver down their retail charges from their document highs.
The worth of petrol in Delhi stands at Rs 103.97 per litre whereas that of diesel is at Rs 86.67. In Mumbai, petrol at present prices Rs 109.98, whereas diesel is retailing at Rs 94.14, knowledge out there on Indian Oil Corporation’s web site confirmed.
Last week, the Finance Ministry had introduced a Rs 5 per litre lower in excise responsibility on petrol and a Rs 10 per litre lower in excise responsibility on diesel. Amid record-high gasoline costs, this was the primary lower in central excise duties in over three years. The lower in duties introduced the entire excise responsibility on petrol all the way down to Rs 27.9 per litre from Rs 32.9 litre and that on diesel to Rs 21.8 litre from Rs 31.8 per litre.
Reducing the excise responsibility, the centre additionally urged state governments to commensurately cut back VAT on petrol and diesel to offer aid to customers. Several states have introduced an extra discount on Value Added Tax (VAT) on each petrol and diesel.
In India, the gasoline costs differ from state to state relying on the native taxation (VAT) and freight costs. Apart from this, the central authorities costs an excise responsibility on auto fuels.
The OMCs revise charges of petrol and diesel day by day primarily based on the common worth of benchmark gasoline within the worldwide market within the previous 15-days, and overseas change charges.
In the worldwide market, oil costs had been regular on Tuesday after two straight classes of good points because the passage of a US infrastructure invoice, robust Chinese exports and the worldwide post-pandemic restoration lifted the outlook for gasoline demand, information company Reuters reported.
Brent crude was down 2 cents at $83.41 a barrel by 0735 GMT, after gaining 0.8 per cent on Monday. US oil was up 3 cents at $81.96 a barrel, additionally after a 0.8 per cent achieve yesterday, the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Tuesday, November 9, 2021:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
103.97
86.67
Mumbai
109.98
94.14
Kolkata
104.67
89.79
Chennai
101.40
91.43
Bengaluru
100.58
85.01
Hyderabad
108.20
94.62
Patna
105.90
91.09
Bhopal
107.23
90.87
Jaipur
111.10
95.71
Lucknow
95.28
86.80
Thiruvananthapuram
106.36
93.47
Source: Indian Oil Corporation