No change in petrol, diesel rates – New Delhi News
Accordingly, petrol and diesel costs have remained static for the seventeenth consecutive day on Sunday below the each day worth revision mechanism adopted by oil advertising and marketing firms.
The pump worth of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on November 4 from yesterday’s degree of Rs 110.04 a litre, remained the identical lon Sunday.
The diesel costs additionally remained unchanged in the capital at Rs 86.67 a litre.
In the monetary capital Mumbai, petrol continues to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre.
Prices additionally remained static on Sunday in Kolkata the place the worth of petrol was decreased by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre in the primary week of November.
Petrol worth in Chennai additionally remained at Rs 101.40 per litre and diesel Rs 91.43 per litre.
Across the nation as effectively, the costs largely remained unchanged on Sunday however the retail rates diversified relying on the extent of native taxes.
The international crude costs which has touched three yr excessive degree of over $85 a barrel on a number of events in previous one month has softened now to beneath $ 80 barrel. Rise in US stock has pushed down crude costs however OPEC+ resolution on solely gradual enhance in manufacturing in December may increase crude costs additional. This may put strain on oil firms to revise gasoline costs upwards once more.
Before the worth cuts and pause, diesel costs elevated on 30 out of the final 58 days taking over its retail worth by Rs 9.90 per litre in Delhi.
Petrol costs have additionally risen on 28 of the earlier 54 days taking over its pump worth by Rs 8.85 per litre.
Since January 1, 2021, the costs have elevated by greater than Rs 26 a litre.
The excise obligation minimize by the Centre on November 3 was first such train for the reason that onset of Covid pandemic. In reality, the federal government had revised excise obligation on petrol and diesel sharply in March and once more in May final yr to mobilise extra sources for Covid aid measures.