Fuel and Diesel Rates: Fuel rates were stable throughout city cities todayPetrol, Diesel Rates Today: Fuel and diesel prices were kept unchanged on Saturday, December 4.
Earlier today, the Delhi government had actually reduced value-added tax (VAT) on fuel from 30 percent to 19.40 percent.
As a result, petrol prices in the national capital were slashed by Rs 8.56 per litre from Thursday.
One litre of gas now costs Rs 95.41 from Rs 103.97 earlier, however, diesel prices were kept unchanged at Rs 86.67 in Delhi.In Mumbai, fuel is retailed at Rs 109.98 per litre, while diesel is being cost Rs 94.14 per litre.
Amongst the metro cities, fuel rates are still the highest in Mumbai.
The rates differ throughout the states due to VAT.
(Likewise Read: How To Check Newest Gas 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 petroleum prices in the worldwide markets, and the rupee-dollar currency exchange rate.
Any changes in gas and diesel rates are executed with effect from 6 am every day.Earlier in the day, oil prices climbed more than $2 a barrel after producer group OPEC+ stated it could evaluate its policy to trek output at short notice if a rising variety of pandemic lockdowns chokes off demand.Brent futures rose 21 cents, or 0.3 per cent, to settle at $69.88 a barrel, while United States West Texas Intermediate (WTI) crude ended 24 cents, or 0.4 per cent, lower at $66.26.