Petrol and diesel value in the present day: After remaining regular for 2 consecutive days, petrol and diesel costs had been hiked on Wednesday, October 20, 2021, hitting recent document highs. Within the nationwide capital, the petrol and diesel costs every rose 35 paise.
Following the most recent value revision, petrol in Delhi is now retailing at Rs 106.19 a litre whereas diesel is promoting at Rs 94.92. Within the monetary capital Mumbai, petrol value now stands at Rs 112.11 whereas diesel prices Rs 102.89, information out there on Indian Oil Company’s web site confirmed.
In India, the gas costs differ from state to state relying on the native taxation (VAT) and freight expenses. Other than this, the central authorities expenses an excise responsibility on auto fuels.
The OMCs revise charges of petrol and diesel each day based mostly on the typical value of benchmark gas within the worldwide market within the previous 15-days, and overseas trade charges.
Within the worldwide market, Oil costs slipped on Wednesday after the Chinese language authorities stepped up efforts to tame document excessive coal costs and guarantee coal mines function at full capability as Beijing moved to ease an influence scarcity. Chinese language coal costs and different commodity costs slumped in early commerce, which in flip pulled oil costs down from an uptick earlier within the day, information company Reuters reported.
Brent crude futures dropped 43 cents (0.5 per cent) to $84.65 a barrel at 0506 GMT, paring a 75-cent rise within the earlier session, however nonetheless lingering near multi-year highs. US West Texas Intermediate (WTI) crude futures for November, which expires on Wednesday, fell 37 cents to $82.59 a barrel. The extra lively WTI contract for December was down 45 cents (0.6 per cent) to $81.99 a barrel, the report mentioned.
Right here’s what you pay for a litre of petrol and diesel in your metropolis on Wednesday, October 20, 2021:
Supply: Indian Oil Company