November 16, 2021 3:18:28 pm
Petrol and diesel price today: Prices of petrol and diesel were kept unchanged for the 12th consecutive day on Tuesday, November 16, 2021. The fuel prices were last revised on November 4 after the central government had cut the excise duty on the two key fuels to bring down their retail rates from record highs.
The price of petrol in Delhi stands at Rs 103.97 per litre while that of diesel is at Rs 86.67. In Mumbai, petrol currently costs Rs 109.98, while diesel is retailing at Rs 94.14, data available on Indian Oil Corporation’s website showed.
Auto fuel prices in the country differ from state to state depending on the local taxation (VAT) and freight charges. Apart from this, the central government charges an excise duty on auto fuels.
OMCs revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days and foreign exchange rates.
In the global market, oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in Covid-19 cases in Europe, news agency Reuters reported earlier in the day.
Brent futures added 96 cents (1.2 per cent) to $83.01 a barrel, as of 0712 GMT, while US West Texas Intermediate (WTI) crude climbed 80 cents (1 per cent) to $81.68 a barrel, the report said.
Here’s what you pay for a litre of petrol and diesel in your city on Tuesday, November 16, 2021:
|City||Petrol (Rs/litre)||Diesel (Rs/litre)|
|Source: Indian Oil Corporation|
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