Gasoline, Diesel Prices Today: Petrol and diesel prices remained unchanged on Saturday, December 18. Earlier, the Delhi government had cut the value added tax (VAT) on petrol from 30 percent to 19.40 percent. As a result, petrol prices in the national capital were reduced by Rs 8.56 per litre. A liter of petrol now costs Rs 95.41 from Rs 103.97 previously but diesel prices remained unchanged at Rs 86.67 in Delhi.
In Mumbai, petrol is sold for Rs 109.98 per litre, while diesel is sold for Rs 94.14 per litre. Of the metro cities, fuel rates are still the highest in Mumbai. Rates vary from country to country due to VAT. (Also Read: How to check the latest petrol and diesel rates in your city).
These are the petrol and diesel prices in metro cities:
State-run oil refineries such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel tariffs daily, taking into account crude oil prices in international markets and the exchange rates of the rupee and dollar. Any changes in petrol and diesel prices will be implemented daily from 6am.
Globally, oil prices fell on Friday and fell into the week as rising cases of the Omicron coronavirus variant raised fears that new restrictions could affect fuel demand.
Brent crude futures fell $1.50, or two percent, at $73.52 a barrel, while US West Texas Intermediate (WTI) crude fell $1.52 or 2.1 percent to settle at $ 70.86 per barrel. Brent was down 2.6 percent on a weekly basis and WTI was down 1.3 percent.