New Delhi | Jagran Business Desk: Petrol and diesel prices - which are revised daily by state-run oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum - remained unchanged on Friday. The prices have remained unchanged since Diwali after the Centre reduced the excise duty on fuel.
In Delhi, a litre of petrol and diesel is priced at Rs 95.41 and Rs 86.67 respectively. In Mumbai, petrol can be purchased for Rs 109.98 per litre and diesel for Rs 94.14 per litre. On the other hand, a litre of petrol and diesel will cost you Rs 101.40 and Rs 91.43 in Chennai while they continue to be priced at Rs 104.67 and Rs 89.79 in Kolkata respectively.
Updates from Thursday:
Petrol and diesel rates had remained unchanged on Thursday.
Updates from Wednesday:
Petrol and diesel prices remained unchanged on Wednesday as well.
Updates from Tuesday:
Petrol and diesel prices remained unchanged on Tuesday as well. No fall in prices was seen in the rates of the fuel.
Updates from Monday:
On Monday as well petrol and diesel prices remained unchanged on Monday.
It should be noted that prices have remained unchanged in India since Diwali after the central government reduced the excise duty on fuel prices.
On November 3, Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government at the Centre had reduced the excise duty on petrol and diesel by Rs 5 and Rs 10 per litre respectively, giving a much-needed breather to the consumers. Following that, several NDA-ruled states, including Uttar Pradesh and Karnataka, reduced value-added tax (VAT) on fuel rates to give more relief to the consumers.
It is expected that the oil rates would continue to remain stable for a while due to the situation in the international market. Last week, oil prices had plunged significantly to settle at USD 71.52 a barrel due to a massive spike in Omicron cases in Europe and the United States of America (USA). However, the rates recovered later after early data suggested that Omicron causes a milder level of illness.
"The omicron-is-mild rally could well continue into January now, but reality will bite in February I believe, as the end of the Fed taper moves into sight," Reuters quoted OANDA analyst Jeffrey Halley as saying.
Posted By: Aalok Sensharma