Petrol and diesel price today: Petrol and diesel prices were steady for the 11th successive day on Thursday, November 15, 2021. The fuel prices across key cities were last revised on November 4 after the central government cut the excise duty on the two key fuels to bring down their retail rates from their record highs.
The price of petrol in Delhi stands at Rs 103.97 per litre while that of diesel is at Rs 86.67. In Mumbai, petrol currently costs Rs 109.98, while diesel is retailing at Rs 94.14, data available on Indian Oil Corporation’s website showed.
In India, the fuel prices differ from state to state depending on the local taxation (VAT) and freight charges. Apart from this, the central government charges an excise duty on auto fuels.
The OMCs revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
In the international market, crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand, news agency Reuters reported.
Brent crude futures fell 96 cents (1.2 per cent) to $81.21 a barrel, as of 1036 GMT. US West Texas Intermediate (WTI) crude lost 73 cents (0.9 per cent) to $80.06 a barrel, the report said.
Here’s what you pay for a litre of petrol and diesel in your city on Monday, November 15, 2021:
|City||Petrol (Rs/litre)||Diesel (Rs/litre)|
|Source: Indian Oil Corporation|