Domestic petrol and diesel prices vary from state to state due to value added tax (VAT).
Petrol, Diesel Prices Today: There was no change in the petrol and diesel prices across the four metros on Monday, February 22. In Delhi, the price of petrol was constant at Rs 90.58 per litre and diesel was untouched at Rs 80.97 per litre, according to Indian Oil Corporation, the country’s largest fuel retailer. Meanwhile, in Mumbai, the petrol and diesel rates stood at Rs 97.00 per litre and Rs 88.06 per litre respectively. Currently, the fuel rates are the highest in Mumbai, among the four metro cities. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City)
Here are the current prices of petrol and diesel (in rupees per litre):
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 90.58 | 80.97 |
| Mumbai | 97.00 | 88.06 |
| Chennai | 92.59 | 85.98 |
| Kolkata | 91.78 | 84.56 |
| Source: Indian Oil | ||
Petrol and diesel prices have recorded an upswing since January 6, 2021, after staying unchanged for almost a month. The fuel prices have increased amid a rally in global crude oil prices, with coronavirus vaccination drives across the world.
Oil marketing companies – Bharat Petroleum, Indian Oil Corporation, as well as Hindustan Petroleum align the rates of domestic fuel with the global benchmarks, by taking into account any changes in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.
Meanwhile, oil prices rose on Monday as the slow return of US crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic.
Brent crude was up 76 cents, or 1.2 per cent, at $61.67 a barrel by 0104 GMT, after gaining nearly 1 per cent last week. U.S. oil rose 74 cents, or 1.3 per cent, to $59.98 a barrel, having fallen 0.4 per cent last week.
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