Fuel Rates Left Unchanged For 13th Consecutive Day: Check Rates

Fuel Rates Left Unchanged For 13th Consecutive Day: Check Rates

Greatlgood

Business oi-Roshni Agarwal

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Petrol and diesel prices across the country are constant for the 13th straight day on November 17, 2021 (Wednesday). On November 4, after the centre slashed excise duty on fuel, petrol rate in the country was reduced by between Rs. 7-8 per litre, while for diesel rates came down by Rs. 11-13 per litre.

Fuel Rates Left Unchanged For 13th Consecutive Day: Check Rates

Fuel Rates Left Unchanged For 13th Consecutive Day: Check Rates

Here are the fuel rates as on November 17, 2021:

Metro city Petrol rate in Rs/litre Diesel rate in Rs./litre
Delhi 103.97 86.67
Mumbai 109.98 94.14
Kolkata 104.67 101.56
Chennai 101.4 91.43

Even after the reduction in prices, petrol rate in some of the cities and all the 4 metros is retailing above Rs. 100 per litre. The rates vary across states due to value added tax or VAT.

Since mid June 2017, fuel rates in the country are revised on a daily basis at 6 am and thus have been following dynamic pricing model. The international rates as well as foreign exchange rate influence fuel rates in the domestic market.

International crude rates

Internationally, oil prices retreated southward owing to concerns around increasing coronavirus cases in Europe. Brent traded lower by close to 1 percent at $81.65 per barrel.

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Story first published: Wednesday, November 17, 2021, 9:08 [IST]

Original news source Credit: www.goodreturns.in



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