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Petrol, Diesel Prices Remain Steady For 3rd Straight Day. Check Rates

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Petrol and Diesel Price: Fuel rates were steady across metro cities todayPetrol, Diesel Price Today: Petrol and diesel prices remained unchanged for the sixth consecutive day on Tuesday, November 9, after the government slashed excise duty on petrol and diesel to bring rates slightly down from the record high levels.In the national capital, petrol is being sold for Rs 103.97, while diesel rate is Rs 86.67, according to Indian Oil Corporation.

In Mumbai, petrol is retailed at Rs 109.98 per litre while diesel is being sold at Rs 94.14 per litre.Despite the reduction in prices, petrol and diesel rates are still above the Rs 100 per litre mark across the country, while among the four metros, they are the costliest in Mumbai.

The move to cut excise duty on fuel prices is likely to cost the government Rs 1.4 lakh crore per year.

(Also Read: How To Check Latest Petrol And Diesel Rates In Your City).  State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates.

Any changes in petrol and diesel prices are implemented with effect from 6 am every day.Globally, oil prices rose for a third session on Tuesday as the passage of a U.S.

infrastructure bill, Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand.

Brent crude was last up eight cents at $83.51 a barrel, after gaining 0.8 per cent on Monday. 




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