On Monday, December 6th, petrol and diesel prices in India remained constant. This was the first time in almost a month that the cost of petrol and diesel remained steady across the country.
The national government then decided to decrease the excise duty on auto fuels by Rs 5 and Rs 10, respectively, due to the constant fuel rate. This came after petrol and diesel prices hit all-time highs, causing widespread concern among the general public. On the occasion of Diwali last month, the cost of petrol and diesel was dropped, and some states followed suit by lowering the value-added tax on them.
With the reduction in the Centre's tax and the decline in the state's VAT, the fuel price in Delhi today 2021 stayed the same at Rs 95.41. On the day, the cost of petrol in Mumbai was Rs 109.98 a liter, the highest in the metropolitan city. On Saturday, a liter of petrol in Kolkata was Rs 104.67. On Saturday, a liter of petrol in Chennai was Rs 101.40. Previously, the price of petrol in Ahmedabad was Rs 95.13.
On any given day, a liter of fuel in Delhi costs Rs 86.67. After the price drop, the diesel price in the financial capital was maintained at Rs 94.14 per liter. In Kolkata, a liter of diesel was set at Rs 89.79. The price of diesel in Chennai was Rs 91.43 per liter. On the other hand, a liter of diesel costs Rs 90.87 in Bhopal, Madhya Pradesh.
Prices for petrol and diesel vary by state due to various factors such as international crude oil prices, VAT, and freight expenses, among others. Every day at 6 am, the oil marketing corporations change the price of petrol and diesel.
On Monday, international crude oil prices surged by more than $1 per barrel after Saudi Arabia raised pricing for crude exported in Asia and the United States. Brent crude futures for February rose $1.69, or 2.4 percent, to $71.57 a barrel at 0033 GMT, while West Texas Intermediate crude for January surged $1.66, or 2.5 percent, to $67.92 per barrel.