A litre of petrol now costs Rs 95.41 in Delhi and diesel is sold at Rs 86.67.Petrol, Diesel Prices Today: Petrol and diesel prices were kept unchanged on Monday, December 6.
Last week, the Delhi government had reduced value-added tax (VAT) on petrol from 30 per cent to 19.40 per cent.
The decision marked Rs 8.56 per litre reduction in petrol prices from December 2in the national capital.A litre of petrol now costs Rs 95.41 in Delhi; while diesel rates -- which were kept unchanged -- stood at Rs 86.67.Fuel prices in other cities have also remained unchanged since November 4, when the Centre had reduced excise duty on petrol and diesel by Rs 5 and Rs 10 per litre respectively.In Mumbai, petrol is currently retailed at Rs 109.98 per litre; while diesel is being sold at Rs 94.14 per litre.
Among the metro cities, fuel rates are the highest in Mumbai.
The rates vary across the states due to 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 prices rose by more than $1 a barrel after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect United States -Iran talks on reviving a nuclear deal appeared to hit an impasse.
Brent crude futures for February gained $1.69, or 2.4 per cent, to $71.57 a barrel; while United States West Texas Intermediate crude for January were at $67.92 a barrel, up $1.66, or 2.5 per cent.