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Amid the continuous decline in the price of crude oil in the global market, fuel prices in India remained unchanged for yet another day. On Tuesday, December 13, Indian oil companies maintained the previous six-month streak of unchanged petrol and diesel pricing. Fuel prices have remained stable since the last excise duty cut announced by Union Finance Minister Nirmala Sitharaman on May 21. The price of petrol has surpassed the Rs 100 mark in cities like Mumbai, Chennai, Kolkata, and Hyderabad. Diesel retailed for Rs 89.62 whereas a litre of petrol is being sold at Rs 96.72 in New Delhi.
In the country’s financial capital, Mumbai, a litre of petrol costs Rs 106.31 whereas diesel costs Rs 94.27 per litre. Residents of Chennai will have to shell out Rs 102.63 for a litre of petrol, compared to Rs 94.24 for a litre of diesel. In Kolkata, the price of diesel is Rs 92.76, and the price of petrol is Rs 106.03.
As worries about the global recession and its effects on oil consumption mounted, Brent Crude and West Texas Intermediate (WTI) last week experienced their largest weekly losses in months and hit lows not seen since December 2021.
Check fuel rates in different cities in the country on December 13:
Delhi
Petrol: Rs 96.72 per litre
Diesel: Rs 89.62 per litre
Chennai
Petrol: Rs 102.63 per litre
Diesel: Rs 94.24 per litre
Kolkata
Petrol: Rs 106.03 per litre
Diesel: Rs 92.76 per litre
Mumbai
Petrol: Rs 106.31 per litre
Diesel: Rs 94.27 per litre
Bengaluru
Petrol: Rs 101.94 per litre
Diesel: Rs 87.89 per litre
Lucknow
Petrol: Rs 96.57 per litre
Diesel: Rs 89.76 per litre
Hyderabad
Petrol: Rs 109.66 per litre
Diesel: Rs 97.82 per litre
Bhopal
Petrol: Rs 108.65 per litre
Diesel: Rs 93.90 per litre
Gandhinagar
Petrol: Rs 96.63 per litre
Diesel: Rs 92.38 per litre
Guwahati
Petrol: Rs 96.01 per litre
Diesel: Rs 83.94 per litre
Thiruvananthapuram
Petrol: Rs 107.71 per litre
Diesel: Rs 96.52 per litre.
Any changes to the price of petrol and diesel take effect each day at 6 AM. Value Added Tax (VAT), freight expenses, local taxes, etc. are some of the elements that contribute to state-to-state variances in the price of fuels. Foreign exchange rates and international benchmark prices are taken into account in the daily price revisions made by public sector oil marketing companies (OMCs) like Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL).
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