Fuel Rates Static On November 11, 2021; Crude Prices Soften Internationally

Petrol and diesel prices across the country on November 10, 2021 are constant for the seventh day in a row today. After the excise duty cut, petrol rate in the country saw a reduction in price by Rs. 7-8, while for diesel rates came down by Rs. 11-13 per litre.

Fuel Rates Static On November 11, 2021; Crude Prices Soften Internationally

Here are the latest fuel rates as on November 11, 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

The centre has announced excise duty reduction on auto fuels petrol and diesel by Rs. 5 and Rs. 10 respectively. Post which several BJP led states have also reduced the VAT implication but even after this fuel rate still rules above Rs. 100 mark in most Indian cities.

International crude rates

After Brent hit levels over $85 in the previous session, there has been seen easing in WTI crude to around $81.58 a barrel, while Brent also was hovering close to $82.87 per barrel levels. There has been a slump in oil prices after the dollar gained amid the US administration's call to look for ways to lessen energy costs amid broad based increase in inflation.