No change in petrol, diesel rates

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NEW DELHI: Petrol and diesel costs stay unchanged on Sunday submit the revision of duties by the Central and state governments on Diwali eve, offering a continued reduction to shoppers.
Accordingly, petrol and diesel costs have remained static for the seventeenth consecutive day on Sunday below the each day worth revision mechanism adopted by oil advertising corporations.
The pump worth of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on November 4 from the day gone by’s stage of Rs 110.04 a litre, remained the identical lon Sunday.
The diesel costs additionally remained unchanged within the capital at Rs 86.67 a litre.
Within the monetary capital Mumbai, petrol continues to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre.
Costs additionally remained static on Sunday in Kolkata the place the value of petrol was lowered by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre within the first week of November.
Petrol worth in Chennai additionally remained at Rs 101.40 per litre and diesel Rs 91.43 per litre.
Throughout the nation as nicely, the costs largely remained unchanged on Sunday however the retail charges various relying on the extent of native taxes.
The worldwide crude costs which has touched three yr excessive stage of over $85 a barrel on a number of events in previous one month has softened now to under $ 80 barrel. Rise in US stock has pushed down crude costs however OPEC+ determination on solely gradual improve in manufacturing in December may elevate crude costs additional. This might put stress on oil corporations to revise gasoline costs upwards once more.
Earlier than the value cuts and pause, diesel costs elevated on 30 out of the final 58 days taking on its retail worth by Rs 9.90 per litre in Delhi.
Petrol prices have additionally risen on 28 of the earlier 54 days taking on its pump worth by Rs 8.85 per litre.
Since January 1, 2021, the costs have elevated by greater than Rs 26 a litre.
The excise responsibility reduce by the Centre on November 3 was first such train for the reason that onset of Covid pandemic. In actual fact, the federal government had revised excise responsibility on petrol and diesel sharply in March and once more in Could final yr to mobilise extra sources for Covid reduction measures.

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