Petrol, Diesel Prices Today: Fuel prices remained unchanged across the metro cities on Wednesday, January 18, 2022. Last month, the Delhi government had reduced the value-added tax on petrol from 30 per cent to 19.40 per cent. With this, petrol prices in the national capital were slashed by Rs 8.56 per litre.
A litre of petrol costs Rs 95.41 in Delhi, while diesel rates stand at Rs 86.67 per litre. In Mumbai, petrol is 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 still the highest in Mumbai. Fuel prices vary across the states due to value-added tax or VAT. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City).
Here are the petrol and diesel price across the metro cities:
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 for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose $1.44, or 1.7 per cent, to $88.95 a barrel, adding to a 1.2 per cent jump in the previous session. The benchmark contract climbed to as much as $89.05, its highest since October 13, 2014. U.S. West Texas Intermediate (WTI) crude futures climbed $1.51, or 1.8 per cent, to $86.94 a barrel, adding to a 1.9 per cent gain on Tuesday. WTI earlier jumped to a high of $87.08, its highest since October 9, 2014.