Petrol, Diesel Prices Steady Across Metros On Thursday

Petrol, Diesel Prices Today: There was no change in the petrol and diesel prices on Thursday, January 28. In the national capital, the price of petrol remained unchanged at Rs 86.30 per litre and diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation, the country's largest fuel retailer. Meanwhile, in Mumbai, the petrol and diesel prices stood at Rs 92.86 per litre and Rs 83.30 per litre respectively. The current price of petrol is the highest ever in the national capital, and diesel is at a record high in Mumbai. 

Petrol prices have been hiked by Rs 2.59 a litre and diesel by Rs 2.61 a litre in Delhi, in the month of January. On the other hand, in Mumbai, petrol prices have been increased by Rs 2.52 a litre and diesel by Rs 2.79 a litre in January. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City)

Here are the current prices of petrol and diesel (in rupees per litre):

Petrol and diesel rates have recorded an upswing since January 6, 2021 after staying unchanged for almost a month. Fuel rates have increased amid a rally in global crude oil prices, with coronavirus vaccination drives beginning across the world. 

Oil marketing companies  - Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum align the prices of domestic fuel with global benchmarks, by taking into account any changes in the foreign exchange rates. Any alterations in fuel prices are implemented with effect from 6 am every day. The fuel rates vary from state to state across the country due to the -added tax or VAT.

Meanwhile, oil prices ticked up on Wednesday as a massive drawdown in U.S. crude inventories countered persistent concerns about the coronavirus pandemic weakening fuel demand.

Brent crude gained 38 cents, or 0.7 per cent, to $56.29 a barrel by 11:14 a.m. EST (1614 GMT). U.S. West Texas Intermediate (WTI) crude rose 48 cents to $53.09.