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A litre of petrol costs Rs 95.41 in Delhi, while diesel rates stand at Rs 86.67 per litre.Petrol, Diesel Prices Today: Fuel prices remained unchanged across the metro cities on Tuesday, January 18, 2022.
Last month, the Delhi government had reduced the value-added tax on petrol from 30 per cent to 19.40 per cent.
With this, petrol prices in the national capital were slashed by Rs 8.56 per litre.A litre of petrol costs Rs 95.41 in Delhi, while diesel rates stand at Rs 86.67 per litre.
In Mumbai, petrol is retailed at Rs 109.98 per litre, while diesel is being sold at Rs 94.14 per litre.
Among the metro cities, fuel rates are still the highest in Mumbai.
Fuel prices vary across the states due to value-added tax or VAT.
(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 to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.
Brent crude futures were up 44 cents, or 0.5 per cent, at $86.92 a barrel, after earlier hitting a high of $87.00, their highest since October 30, 2014.
U.S.
West Texas Intermediate (WTI) crude futures jumped 81 cents, or 1 per cent, from Friday's settlement to $84.62 a barrel, just off a more than two-month high of $84.78 hit earlier.
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