Petrol and diesel worth at present: Prices of petrol and diesel have been stored unchanged for the sixth consecutive day on Wednesday, November 10, 2021. The gasoline costs have been final revised on Thursday (November 4) after the central authorities had lower the excise obligation on the 2 key fuels to carry down their retail charges from file 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 obtainable on Indian Oil Corporation’s web site confirmed.
Last week, the Finance Ministry had introduced a Rs 5 per litre lower in excise obligation on petrol and a Rs 10 per litre lower in excise obligation 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 full excise obligation 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 obligation, the centre additionally urged state governments to commensurately scale back VAT on petrol and diesel to provide reduction to customers. Several states have introduced an extra discount on Value Added Tax (VAT) on each petrol and diesel.
Auto gasoline costs within the nation differ from state to state relying on the native taxation (VAT) and freight fees. Apart from this, the central authorities fees an excise obligation on auto fuels.
OMCs revise charges of petrol and diesel each day primarily based on the common worth of benchmark gasoline within the worldwide market within the previous 15-days and international alternate charges.
In the worldwide market, oil costs rose on Wednesday, extending sturdy good points within the earlier session, after trade knowledge confirmed US crude shares unexpectedly fell final week simply as near-term journey demand picked up with Covid-19 pandemic curbs easing, information company Reuters reported earlier within the day.
Brent crude futures climbed 32 cents (0.4 per cent) to $85.10 a barrel by 0416 GMT, after rising 1.6 per cent on Tuesday. US West Texas Intermediate (WTI) crude futures rose 9 cents (0.1 per cent) to $84.24 a barrel, including to Tuesday’s 2.7 per cent achieve, the report mentioned.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Wednesday, November 10, 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