INSUBCONTINENT EXCLUSIVE:
Diesel prices have been kept unchanged at Rs 86.67 in Delhi.Petrol, Diesel Prices Today: The Delhi government on Wednesday reduced
value-added tax (VAT) on petrol from 30 per cent to 19.40 per cent
The decision marked Rs 8.56 per litre reduction in petrol prices from Thursday in the national capital.The fuel prices in Delhi have now
become cheaper compared to other cities in the National Capital Region (NCR), Delhi Chief Minister Arvind Kejriwal said.However, diesel
prices have been kept unchanged at Rs 86.67 in Delhi
Fuel prices in other states also remain unchanged.In Mumbai, petrol is retailed at Rs 109.98 per litre; while diesel is being sold at Rs
Among the metro cities, fuel rates are the highest in Mumbai
The rates vary across the states due to 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 reversing the previous
day's losses, on expectations OPEC+ may pause supply additions amid growing concern the spread of the Omicron coronavirus variant could
weigh on the global economy and fuel demand
West Texas Intermediate (WTI) crude futures gained 48 cents, or 0.7 per cent, to $66.05 a barrel, after a 0.9% drop on Wednesday
Brent crude futures were up 48 cents, or 0.7 per cent, at $69.35, having eased 0.5 per cent in the previous session.
