Petrol and diesel price today January 4: Fuel rates remain unchanged; check price in Delhi, Mumbai here
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol, diesel prices continue to remain the same today (January 4) across the country. Petrol rate in Delhi stands at Rs 95.41 per litre while diesel in he capital is priced at Rs 86.67 per litre. In Mumbai, a litre of petrol and diesel is retailing at Rs 109.98 and Rs 94.14, respectively. Fuel prices have been stable since the central government cut excise duty to bring down retail rates from record highs. Public sector oil marketing companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.
OMCs have neither raised nor reduced petrol and diesel rates for more than one-and-a-half months even as international oil prices remained volatile with benchmark Brent crude plunging below $70 a barrel on November 30 from $84.78 on November 9. It has been 60 days now since petrol and diesel prices have seen any changes, except in Delhi where petrol prices fell on December 1 after the local government reduced the Value-Added Tax (VAT) on petrol from 30% to 19.40%. Any changes in petrol and diesel prices are implemented with effect from 6 am every day. Retail petrol, diesel prices differ from state to state on account of local taxes like VAT or freight charges.
