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 second consecutive day,on Friday, January 29.In the national capital,the price of petrol remained unchanged at Rs 86.30 per litreand 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 stood at Rs 92.86per litre and Rs 83.30 per litre respectively.
The current priceof petrolis the highest everin the national capital, anddiesel is at a record high in Mumbai.Petrol prices have been hiked by Rs 2.59 a litre and diesel by Rs 2.61 a litre in Delhi, in the month of January.
On the other hand, in Mumbai, petrol prices have been increased by Rs 2.52 a litre and diesel by Rs 2.79 a litre in January.
(Also Read:How To Check Latest Petrol And Diesel Rates In Your City)CityPetrolDieselDelhi86.3076.48Mumbai92.8683.30Chennai88.8281.71Kolkata87.6980.08Source: Indian OilPetrol and diesel rates haverecordedan upswing since January 6, 2021 after staying unchangedfor almost a month.
Fuel rateshave increased amid arally in global crude oil prices, with coronavirus vaccination drives beginning across the world.Oil marketing companies - Indian Oil Corporation,Bharat Petroleum, andHindustan Petroleum align the prices of domestic fuelwith global benchmarks, by taking into account any changesin the foreign exchange rates.
Any alterationsin fuel prices are implementedwith effect from 6 am every day.
The fuel ratesvary from state to state acrossthe country due to the value-added tax or VAT.Meanwhile, the benchmark United States crude oil for March delivery fell 51 cents to $52.34 a barrel on Thursday.
Brent crude oil for March delivery fell 28 cents to $55.53 a barrel.