In Delhi, petrol is currentlysold for Rs 103.97;while diesel rate stood at Rs 86.67.Petrol, Diesel Prices Today: Fuelprices were kept unchanged for 26consecutive days on Tuesday.
Earlier on November 4, the government had slashedexcise duty on petrol and diesel to bring rates slightly down from the record-high levels.In the national capital, petrol is currentlysold for Rs 103.97;while diesel rate stood at Rs 86.67, according to Indian Oil Corporation.
In Mumbai, petrol is retailed at Rs 109.98 per litre; while diesel is being sold at Rs 94.14 per litre.Despite the reduction in prices, petrol rates are still above the Rs 100 per litre mark across the four metros and several cities in the country.
Among the metro cities, fuel rates are the highest in Mumbai.
The rates vary across the states due to value-added tax or VAT.(AlsoRead:How To Check Latest Petrol And Diesel Rates In Your City).State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates.
Any changes in petrol and diesel prices are implemented with effect from 6 am every day.Globally, oil pared gains late on Monday, but finished the session higher as investors viewed Friday's slump in oil and financial markets as overdone absent more data on the Omicron coronavirus variant.
Brent briefly surged above $77 a barrel, while U.S crude touched highs above $72.
Brent crude futures settled at $73.44 a barrel, up 72 cents or 1 per cent, having slid by $9.50 on Friday.
United States West Texas Intermediate (WTI) crude settled up $1.80, or 2.6 per cent at $69.95 a barrel.