Petrol, diesel prices static as global oil rates remain depressed – New Delhi News

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Accordingly, petrol and diesel prices remained static for 18th consecutive day below the each day worth revision mechanism adopted by the OMCs.

The pump worth of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on the Diwali day on November 4 from earlier day’s stage of Rs 110.04 a litre, stays on the identical stage. The diesel prices additionally remained unchanged at Rs 86.67 a litre.

In the monetary capital Mumbai, petrol continues to be priced at Rs 109.98 a litre and diesel at Rs 94.14 a litre.

Prices additionally remained static in Kolkata the place the worth of petrol lowered by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre within the first week of November.

Petrol prices in Chennai additionally stays at Rs 101.40 per litre and diesel Rs 91 .43 per litre.

Across the nation as properly, worth of the gasoline largely remained unchanged however the retail rates assorted relying on the extent of native taxes.

The global crude prices which has touched three 12 months excessive stage of over $85 a barrel on a number of events in previous one month has softened now to under $ 79 barrel. Rise in US stock has pushed down crude prices however OPEC+ choice on solely gradual enhance in manufacturing in December might increase crude prices additional.

Before worth cuts and pause, diesel prices have elevated on 30 out of the final 59 days taking on its retail worth by Rs 9.90 per litre in Delhi.

Petrol prices have additionally risen on 28 of the earlier 55 days taking on its pump worth by Rs 8.85 per litre.

Since, January 1, petrol and diesel prices have risen by greater than Rs 26 a litre earlier than the responsibility cuts.

The excise responsibility minimize by the Centre on November 3 was first such train because the onset of Covid pandemic. In reality, the federal government had revised excise responsibility on petrol and diesel sharply in March and once more in May final 12 months to mobilise further assets for Covid aid measures.

The excise responsibility was raised by Rs 13 and Rs 16 per litre on petrol and diesel between March 2020 and May 2020 and was standing excessive at Rs 31.8 on diesel and Rs 32.9 per litre on petrol earlier than the Centre selected responsibility minimize.

Disclaimer: This story is auto-aggregated by a pc program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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